empty
 
 
sp
Soporte
Apertura instantánea de la cuenta
Plataforma comercial
Depositar/Retirar

17.04.202409:00 Forex Analysis & Reviews: Hot forecast for EUR/USD on April 17, 2024

US industrial production has stopped declining, but it has not grown either. The -0.2% decline was expected to be replaced by 0.6% growth. However, that didn't happen. What's remarkable is that although the US dollar is clearly overbought, the EUR/USD pair did not rebound after the data was published. The market continues to be stagnant. And this is likely due to the stark contrast between European and US macro data. Clearly, things are going much better in the US. Moreover, yesterday, Federal Reserve Chair Jerome Powell confirmed all the hawkish statements made by his subordinates a week earlier. Of course, the head of the US central bank did not even mention the possibility of raising rates, but he did suggest that interest rates could stay high for a longer period. Overall, Powell didn't say anything new, but he did provide some moral support to the dollar.

Today, the economic calendar is empty. There is no need to consider the eurozone inflation data, as this is just a final estimate, which should only confirm the preliminary estimate. Only in extremely rare cases do these data diverge. This is a kind of force majeure. So nothing should prevent a local rebound, which the market desperately needs.

Exchange Rates 17.04.2024 analysis

Although the euro is oversold and the dollar is overbought, the quote continues to stay at the low of the downward cycle. This indicates clear pressure from the information flow, which, contrary to technical analysis, does not provide the opportunity for the pair to start a correction.

On the 4-hour chart, the RSI is hovering in the oversold zone, which suggests that the instrument should be due for a price correction.

On the same chart, the Alligator's MAs are headed downwards, corresponding to the direction of the downward cycle.

Outlook

In order to increase the volume of short positions despite signs of oversold conditions, the price must settle below the level of 1.0600. In this case, the quote could move towards the 2023 local low. Otherwise, the area around the 1.0600 level may act as support, leading to a rebound.

Comprehensive indicator analysis in the short-term and intraday periods indicates a downward cycle.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Benefíciese de las recomendaciones de los analistas ahora mismo
Recargue su cuenta de operaciones
Abra una cuenta de operaciones

¡Los informes analíticos de InstaSpot lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaSpot, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.

The Second Wave of the AI Boom: Which Software Companies (SaaS) Will Monetize the Technology in 2027?
The corporate software market (SaaS) is undergoing a significant structural transformation, shifting from purchasing basic AI hardware to directly monetizing ready-made business solutions. After a deep correction in technology sector valuations in the first half of 2026, when investors began.
Autor: Dean Leo
02:29 2026-07-02 UTC--4
9058
Digital Gold vs. Physical Gold: Will Bitcoin Displace Traditional Safe-Haven Assets During Market Panic?
The comparison between Bitcoin (BTC/USD) and physical gold (XAU/USD) has reached a new level of volatility. After hitting record highs at the end of last year, the digital asset entered a prolonged downward correction, losing a significant portion of its value and testing strong psychological.
Autor: Dean Leo
02:18 2026-07-02 UTC--4
9358
Crash or Comeback of the Yen: Can the USD/JPY Pair Return to Psychological Lows After Interventions?
Despite the recent historic increase in the key interest rate by the Bank of Japan to 1.0% (the highest since 1995) and a series of large-scale currency interventions by the Ministry of Finance, the national currency is not in a hurry to stage a comeback.
Autor: Dean Leo
02:18 2026-07-02 UTC--4
12253
Mostrar más
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.