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While a comprehensive conflict between Iran and Israel is not expected, the dollar's rise is being restrained by expectations of intervention by central banks and other factors. However, uncertainty remains due to the unclear timing of the Fed's interest rate cuts, and there is a possibility of the dollar strengthening depending on the economic indicators released this week.
- On April 25th, the US first-quarter GDP will be announced.
- On April 26th, the US March Personal Consumption Expenditures Price Index will be released.
- On April 30th, the Eurozone April Consumer Price Index will be announced.
EURUSD is currently forming a downward trend, breaking below the 1.07000 line. Despite the dollar's weakness, further decline is limited, but failure to recover above the 1.07000 line in this short-term rally is expected to lead to pressure. During this downward pressure, it is anticipated to fall towards the 1.04500 line or around the trend low of 1.03000.
Summarizing the expected movements, the current price is expected to have a short-term rise, forming a peak around the 1.07000 line, followed by a reversal to a medium-term decline towards the 1.04500 line.
If movements deviate from expectations, we will quickly adjust our strategy.
While a comprehensive conflict between Iran and Israel is not expected, the dollar's rise is being restrained by expectations of intervention by central banks and other factors. However, uncertainty remains due to the unclear timing of the Fed's interest rate cuts, and there is a possibility of the dollar strengthening depending on the economic indicators released this week.
- On April 25th, the US first-quarter GDP will be announced.
- On April 26th, the US March Personal Consumption Expenditures Price Index will be released.
- On April 30th, the Eurozone April Consumer Price Index will be announced.
EURUSD is currently forming a downward trend, breaking below the 1.07000 line. Despite the dollar's weakness, further decline is limited, but failure to recover above the 1.07000 line in this short-term rally is expected to lead to pressure. During this downward pressure, it is anticipated to fall towards the 1.04500 line or around the trend low of 1.03000.
Summarizing the expected movements, the current price is expected to have a short-term rise, forming a peak around the 1.07000 line, followed by a reversal to a medium-term decline towards the 1.04500 line.
If movements deviate from expectations, we will quickly adjust our strategy.