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Last Friday, there was the release of the U.S. February PCE Price Index and a speech by Fed Chair Powell. The PCE Price Index met expectations, and Chair Powell evaluated it as largely consistent with the Fed's expectations, while also reaffirming the possibility of three interest rate cuts this year. However, he added that rate cuts might occur later than expected by the market.
- April 1st: Public holidays in Germany, Australia, and the UK.
- April 3rd: Eurozone March Consumer Price Index release scheduled, Powell speech.
- April 4th: ECB Monetary Policy Meeting Minutes release.
- April 5th: U.S. March Employment Report release.
While EURUSD hasn't reached the expected peak, it's showing signs of decline after the rise. We anticipate a break below the 1.07000 level during this decline. If it breaks below 1.07000, we expect further decline towards the 1.04500 level. Missing the previous opportunity to react, breaking below this support level might present a good opportunity.
However, there are variables to consider, such as the Eurozone Consumer Price Index and the U.S. Employment Report. If these issues cause a change in direction, we will adjust our strategy after further analysis.
Last Friday, there was the release of the U.S. February PCE Price Index and a speech by Fed Chair Powell. The PCE Price Index met expectations, and Chair Powell evaluated it as largely consistent with the Fed's expectations, while also reaffirming the possibility of three interest rate cuts this year. However, he added that rate cuts might occur later than expected by the market.
- April 1st: Public holidays in Germany, Australia, and the UK.
- April 3rd: Eurozone March Consumer Price Index release scheduled, Powell speech.
- April 4th: ECB Monetary Policy Meeting Minutes release.
- April 5th: U.S. March Employment Report release.
While EURUSD hasn't reached the expected peak, it's showing signs of decline after the rise. We anticipate a break below the 1.07000 level during this decline. If it breaks below 1.07000, we expect further decline towards the 1.04500 level. Missing the previous opportunity to react, breaking below this support level might present a good opportunity.
However, there are variables to consider, such as the Eurozone Consumer Price Index and the U.S. Employment Report. If these issues cause a change in direction, we will adjust our strategy after further analysis.