EUR/USD Forecast: Poised to challenge the year low at 1.0805

4/5/2022 11:34:00 PM

#Euro is nearing the 1.0900 level and would likely break below it #EUR #EURUSD $EUR $EURUSD

Euro is nearing the 1.0900 level and would likely break below it EUR EURUSD $EUR $EURUSD

The EUR/USD pair plunged to the 1.0900 region, its lowest since mid-March, as the American dollar benefited from central banks’ aggressiveness and pe

EUR/USD Current Price: 1.April 5, 2022 at 1:37 p.The aussie outperformed its major counterparts, rallying against the greenback..

0901 US Federal Reserve is in the spotlight after Brainard's comments and ahead of the FOMC Minutes.Soaring government bond yields reflect inflation-related concerns.| UPDATED: April 5, 2022 at 1:39 p.EUR/USD is nearing the 1.7555 resistance level and could break beyond it with the RBA.0900 level and would likely break below it.LOS ANGELES — The Los Angeles Police Commission on Tuesday approved the donation of surplus ballistic helmets and vests from the Los Angeles Police Department to a foundation that will deliver the equipment to Ukraine for its army to use in defense against Russia.The EUR/USD pair plunged to the 1.It also does not guarantee that this information is of a timely nature.

0900 region, its lowest since mid-March, as the American dollar benefited from central banks’ aggressiveness and persistent turmoil in Eastern Europe.The department said the items are prepared in pallets and ready for immediate shipping.The aussie outperformed its major counterparts against the dollar, as most major pairs held within familiar levels, but AUD/USD added roughly 80 pips on a daily basis.Chances of a diplomatic solution diminished after Ukraine’s President Volodymyr Zelenskyy stated that there was a chance he would not meet with Russian leader Vladimir Putin given/in the light of the war crimes committed in Bucha.The EU is analysing banning coal imports from Russia, and France announced it would apply fresh sanctions before the end of the week.The equipment was going to be destroyed after exceeding the manufacturer’s five-year warranty.On the data front, the final readings of the March EU S&P Global Services PMIs suffered minor revisions, although the German’s and the Union’s indexes were upwardly revised.5% in the previous month.As for the US, it released the February Goods and Services Trade Balance, which posted a deficit of $89.” The commission unanimously passed the motion without a discussion.If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned.

19 billion, larger than anticipated.The country also published the March S&P Services PMI , which fell to 57.” Los Angeles has sought ways to aid the beleaguered nation.The central bank is widely anticipated to maintain the cash rate on hold at 0.5, missing expectations, and the official ISM index, up to 58.3 in March, up from the previous 56.A.5.Most analysts expect the central bank to start normalizing the monetary policy by August, although keeping in mind that the RBA will probably move slowly.Errors and omissions excepted.

On Wednesday, the calendar will include German Factory Orders and the EU February Producer Price Index.The motion, presented by Councilman Joe Buscaino, acknowledges that it is “literally the last thing on the minds of the leaders of Kyiv” — but it calls for initiating the sister city process now as a sign of support for the Ukrainian capital amid Russia’s invasion.The US will release the FOMC Meeting Minutes.The document will likely have a limited impact, given comments from Federal Reserve officials post-meeting.The daily chart hints at further gains ahead as technical indicators resumed their advances near overbought readings.US Fed Governor Lael Brainard hinted at an aggressive reduction of the balance sheet and noted that combined with rate hikes would move monetary policy closer to neutral later this year.Government bond yields soared to fresh multi-year highs with such words.

EUR/USD short-term technical outlook The EUR/USD pair is down for a fourth consecutive day and holding near the aforementioned daily low.Technical indicators have partially lost their bullish strength but hold within positive levels, reflecting the absence of selling interest.The daily chart shows that the pair is currently below all of its moving averages, while technical indicators accelerated south within negative levels, maintaining their bearish slopes and hinting at additional slides.The 4-hour chart shows that the pair is also developing below its moving averages, with the 20 SMA heading firmly lower below the longer ones.At the same time, the RSI indicator consolidates in oversold territory, while the Momentum consolidates within negative levels without signs of bearish exhaustion.7630.The pair has room to extend its slump towards the year low at 1.

0805 once below the 1.0900 threshold.7465 0.Support levels: 1.0890 1.0850 1.7590 0.

0805 Resistance levels: 1.1015 1.1070 1.You should do your own thorough research before making any investment decisions.1115 View Live Chart for the EUR/USD 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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More than 900 LAPD ballistic helmets and vests will be heading to UkraineThe 526 helmets and 378 vests are prepared in pallets and ready for immediate shipping. How can i get one? LAPDHQ Yeah, because they're not needed here in L.A. :-|

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