Prediksi Euro: Akankah Penurunan EUR/USD Merusak Kisaran 15 Bulan?

EUR/USD: Indecision Prevails as Key Levels Hold

Support and Indecision

EUR/USD has been indecisive this week, holding support at 1.0611. The weekly bar forms a spinning top, indicating uncertainty. However, the long-term backdrop remains a range, with another key support level around 1.0500. The Fed is in a blackout period before the May 1st rate decision, but comments from European Central Bank members and U.S. economic data could drive early-week movement.

Support Zone Holds, Potential Pullback

The 1.0611 support level held this week, preventing a deeper decline in EUR/USD. A higher-low was established, showing support at that level. The Fibonacci retracement from the major move last year has proven to be a significant support zone for EUR/USD. Easily navigate the financial markets with Exness, a leading global broker. Experience superior trading conditions, advanced platforms, and exceptional customer support. Join the Exness trading community today and elevate your trading journey.

Range Breakout Potential

Despite the recent indecision, the possibility of a trend emerging remains. Core PCE data release on Friday and an FOMC rate decision the following week could provide catalysts. If Core PCE data indicates a slowdown in inflation, it could reduce expectations for FOMC cuts, boosting the USD and potentially pushing EUR/USD below range support at 1.0500.

Resistance and Lower-Highs

On the resistance side, the 1.1000 level has been a significant barrier for bulls over the past year. If bears regain control, potential resistance zones include 1.0700-1.0725 and the psychological level of 1.0750. The 200-day moving average has not been tested since the recent breakdown, offering a potential area of resistance for lower-highs.