EUR – English
- The EUR/USD pair shows a short-term bullish bias, supported by softer US inflation and a 0.6% decline in July US retail sales, which have reduced expectations of a September Fed rate hike. This has pressured the USD, providing macro support for the euro.
- Technically, EUR/USD is trading above key moving averages (20-, 50-, and 100-day) with improving momentum indicators like RSI at 63.2 and a bullish MACD. However, the pair is nearing resistance at the 100-day SMA around 1.162–1.163, increasing the risk of a pullback.
- Traders should watch for a confirmed break above 1.1630 for further upside or a pullback to 1.1530–1.1560 for potential re-entry. A break below 1.1470 would invalidate the bullish outlook.
EUR – Urdu
- EUR/USD pair mein short-term bullish trend nazar aa raha hai. Iski wajah US inflation ka soft hona aur July mein US retail sales ka 0.6% girna hai. Is se September mein Fed ke rate hike ke chances kam hue hain, jis ki wajah se US Dollar weak hua aur Euro ko support mila.
- Technical side par EUR/USD 20-day, 50-day aur 100-day moving averages ke upar trade kar raha hai. RSI 63.2 par hai aur MACD bhi bullish signal de raha hai, jo momentum improve honay ki nishani hai.
- Lekin pair ab 100-day SMA ke resistance zone 1.162–1.163 ke qareeb hai. Is level par resistance mil sakti hai aur short-term pullback ka risk barh sakta hai.
Sentiment : Bullish
