FUNDAMENTAL ANALYSIS
EUR - The ZEW Indicator of Economic Sentiment for the Euro Area fell further to -43 in April of 2022, from -38.7 in the prior month. It was the lowest reading since March of 2020, as the economic outlook is expected to worsen amid the adverse effects of the war in Ukraine.
AUD - Energy prices have advanced as the Russia-Ukraine peace talks appeared to have stalled.
TECHNICAL ANALYSIS
The overall market direction is bearish. Price is approaching fibonacci retracement level 61.8, previous bullish structure was broken, the MACD indicates that the market is overbought.
EUR - The ZEW Indicator of Economic Sentiment for the Euro Area fell further to -43 in April of 2022, from -38.7 in the prior month. It was the lowest reading since March of 2020, as the economic outlook is expected to worsen amid the adverse effects of the war in Ukraine.
AUD - Energy prices have advanced as the Russia-Ukraine peace talks appeared to have stalled.
TECHNICAL ANALYSIS
The overall market direction is bearish. Price is approaching fibonacci retracement level 61.8, previous bullish structure was broken, the MACD indicates that the market is overbought.