Volatility in the Euro Has Decreased: Stability in the Foreign Exchange Market

uk.investing.com/analysis/volatility-in-the-euro-has-decreased-stability-in-the-foreign-exchange-market-200567176

By Andrey Goilov | Mar 27, 2023 13:16

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The euro/dollar currency pair remained stable near the 1.0770 mark on Monday, which indicates a decrease in the exchange rate volatility. According to experts, investors have managed to "master" all the latest news and now there is a period of "rest" in the currency market.

As previously announced, the US Federal Reserve raised interest rates by 25 basis points. However, the signals given by the regulator turned out to be rather ambiguous, which in turn confused investors. It is reported that the Fed plans to continue the fight against inflation, however, the rest of the regulator's actions remain uncertain.

This week, many important events are not expected on the currency market, but still, it is worth paying attention to the publication of US GDP data for the fourth quarter of 2022. It is also necessary to follow inflation rates in the Eurozone in March and the unemployment rate in February.

General stability in the currency market can be beneficial for investors, who are able to spend more time analyzing the situation and making informed decisions.

On H4, EUR/USD has formed a structure of an impulse of decline to 1.0714. At the moment, the market has formed a consolidation range above it. A link of growth to 1.0820 is not excluded. Then a decline to 1.0650 should follow, from where the wave might continue to 1.0495. Technically, this scenario is confirmed by the MACD. Its signal line is above zero already and is getting ready to decline, renewing the lows.

EUR/USD forecast

On H1 of EUR/USD, the market has completed a structure of a wave of decline to 1.0714. A link of growth to 1.0756 has been formed today. At the moment, a consolidation range is forming around this level. The price might escape it upwards to 1.0824 and then drop to 1.0640. The target is local. Technically, this scenario is confirmed by the Stochastic oscillator. Its signal line is near 50 and we expect it to fall to 20.

EUR/USD forecast

Disclaimer
Any forecasts contained herein are based on the author's particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.

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FTSE 100	7,543.56	+53.29	+0.71%
DAX	15,978.35	+124.69	+0.79%
Euro Stoxx 50	4,293.05	+35.44	+0.83%
S&P 500	4,221.02	+41.19	+0.99%
Nikkei 225	31,524.22	+376.21	+1.21%
Dow Jones	33,061.57	+153.30	+0.47%
FTSE 100 Futures	7,550.2	+44.7	+0.60%

Brent Oil	75.19	+0.91	+1.23%
Crude Oil WTI	70.92	+0.82	+1.17%
Gold	1,992.70	-2.80	-0.14%
Silver	23.973	-0.014	-0.06%
Copper	3.7450	+0.0340	+0.92%
London Cocoa	2,340.00	0.00	0.00%
London Wheat	168.85	+3.35	+2.02%

U.K. 10Y	4.1840	+0.0590	+1.43%
U.K. 5Y	4.1205	+0.0645	+1.59%
U.K. 2Y	4.3825	+0.0725	+1.68%
Germany 10Y	2.2750	+0.0250	+1.11%
U.S. 10Y	3.617	+0.006	+0.17%
U.S. 5Y	3.708	+0.007	+0.19%
U.S. 2Y	4.343	+0.009	+0.21%

Lloyds Banking	44.97	+0.31	+0.68%
Vodafone Group PLC	76.54	+0.41	+0.54%
Barclays	155.02	+2.40	+1.57%
BT Group	148.95	+0.30	+0.20%
HSBC	595.10	+1.30	+0.22%
BHP Group Ltd	2,302.50	+59.50	+2.65%
Exxon Mobil	103.36	+1.18	+1.15%

Volatility in the Euro Has Decreased: Stability in the Foreign Exchange Market

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