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Due to the attack on Israel by Iran, there has been a strengthening of risk aversion sentiment, leading to a surge in the strength of the dollar. Additionally, there are reports that Israel is preparing retaliatory attacks, which further increases the likelihood of the dollar's strength.
- Over the weekend, Iran launched about 300 suicide drones and ballistic/cruise missiles towards Israel.
- It is expected that on the 15th, Israel will respond to Iran.
- Retail sales data for the United States will be released on the 15th.
- Eurozone CPI for March will be released on the 17th.
EURUSD is forming a downward trend, breaking below the strong support line at 1.07000 and indicating further declines. The downward movement is expected to strengthen along the trend, with two potential low points:
In summary of the expected movements,
First, a decline to 1.04500 followed by a rebound, then a mid-term rise to 1.07000.
Second, a decline to 1.03000 followed by a rebound, then a long-term rise to 1.07000.
Currently, the downward trend is clearly dominant, and there is a high possibility that the two expected points mentioned earlier will serve as low points. However, if there are any unexpected movements, we will promptly adjust our strategy.
Please share your personal opinions in the comments. We kindly ask for your support through boosts and subscriptions.
Due to the attack on Israel by Iran, there has been a strengthening of risk aversion sentiment, leading to a surge in the strength of the dollar. Additionally, there are reports that Israel is preparing retaliatory attacks, which further increases the likelihood of the dollar's strength.
- Over the weekend, Iran launched about 300 suicide drones and ballistic/cruise missiles towards Israel.
- It is expected that on the 15th, Israel will respond to Iran.
- Retail sales data for the United States will be released on the 15th.
- Eurozone CPI for March will be released on the 17th.
EURUSD is forming a downward trend, breaking below the strong support line at 1.07000 and indicating further declines. The downward movement is expected to strengthen along the trend, with two potential low points:
In summary of the expected movements,
First, a decline to 1.04500 followed by a rebound, then a mid-term rise to 1.07000.
Second, a decline to 1.03000 followed by a rebound, then a long-term rise to 1.07000.
Currently, the downward trend is clearly dominant, and there is a high possibility that the two expected points mentioned earlier will serve as low points. However, if there are any unexpected movements, we will promptly adjust our strategy.