L'$EUR/$USD envoie des signaux haussiers : La Fed et la BCE attendues au tournant https://t.co/RYGIFvbZ73
Will the $EUR extend its rebound against the $USD, or will this week’s #InterestRate decisions reaffirm the bearish bias? https://t.co/lrTedi1RVF
$EURUSD at technical crossroads, recovering towards the 38.2% #Fibonacci and the EMA200. However, a rejection would reaffirm the bearish bias, expose it to multi-month lows, and keep parity in play. Looming #Fed and #ECB decisions can determine the trajectory. The #MonetaryPolicy… https://t.co/dkCL5fymxR
The EUR/USD currency pair is showing signs of a potential bullish reversal, according to recent technical analyses. The pair has broken above its 1D MA50 for the first time in four months, indicating a major long-term buy signal. This breakout is reminiscent of previous instances on November 2, 2023, and March 21, 2023, both of which led to the pair reaching at least their 0.618 Fibonacci retracement levels. Currently, the EUR/USD is recovering towards the 38.2% Fibonacci level and the EMA200. However, analysts caution that a rejection at this point could reinforce a bearish bias and expose the pair to multi-month lows, keeping parity in play. The upcoming decisions from the Federal Reserve and the European Central Bank are expected to be critical in determining the currency pair's trajectory.