EURUSD, H1
EURUSD-Rejection
EURUSD نے Fresh 4-day low بنایا۔(1.0886) اسِ کی وجہ Heaven-bid for Dollar تھی۔ USD Index اپنےDollar 3-day High تھی۔ اور یہ 18-day Low (99.01) اسے اوپر Impulsively گیا۔ March Global Market Panic, EURUSD میں Consolidation میں تھا۔
Up-106.37
Down-1.1494
Expectation ہیں کہ اسِ Pair میں Lack of Sustain Directional Bias ہوگا۔ اسِ کی وجہ Dollar role as Safe-heaven, Tensions among Eurozone Risk ہے مزید Down-Side کا۔ دیکھا جاسکتا ہے کہ 1.1000 کی Rejection تھی اور Retrace of initial fall (1) اور 50-MA پر۔(2) اسِ کے بعد Sell-off دوران Asian&European Session
Central Bank کی Policy میں تھوڑی Divergance ہے۔ جہاں دونوں Europe&US ہیں Lockdown کی وجہ سے اور دونوں Lockdown کو کھولنے کے ابتدائی مراحل میں ہیں۔
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Stuart Cowell
Head Market Analyst
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