EUR/USD stumbles on Fed rate hike speculations, slides below 1.1000 – by christianborjon EURUSD Majors Macroeconomics Technical Analysis
ay, gains adepts. US Treasury bond yields rose; consequently, bonds dropped, a tailwind for the buck. At the time of writing, theGrowing adepts for a US central bank 25 bps rate hike boosted the USDEurozone
Data-wise, the New York Factory Empire State Manufacturing Index unexpectedly jumped in April, from -24.5 to 10.8, exceeding forecasts for a -18 plunge. Orders and shipments rising were the reasons behind the expansion, while a measure of prices paid fell 9 points. The EUR/USD first support would be 1.0900, followed by the 20-day Exponential Moving Average at 1.0881. A decisive break would tumble the pair towards the 50-day EMA At 1.0800.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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