Home -

Broker -

Main body -

WikiFX Express

EUR/USD Price Analysis: Bullish bias remains intact despite pullback targeting 1.0970

HFM | 2023-04-13 17:48

Abstract：EUR/USD bulls take a breather around 1.0990 amid the initial hours of the European session on Thursday, after refreshing a 10-week top earlier in the day.

• EUR/USD grinds near intraday low after refreshing 2.5-month high.

• Overbought RSI backs Euro pairs pullback from three-week-old resistance line.

• Previous weekly top restricts immediate downside, 1.0860 is the key support.

EUR/USD bulls take a breather around 1.0990 amid the initial hours of the European session on Thursday, after refreshing a 10-week top earlier in the day.

In doing so, the Euro pair takes a U-turn from an ascending resistance line from March 23 while justifying the overbought RSI conditions. However, bullish MACD signals and multiple levels towards the south keep the quote buyers hopeful.

That said, the previous weekly top surrounding 1.0970 appears immediate support for the EUR/USD bears to watch during further downside.

However, the weekly support line and the 200-Hour Moving Average (HMA), respectively near 1.0950 and 1.0910, could challenge the EUR/USD sellers afterward.

In a case where the EUR/USD bears dominate past 1.0910, the 1.0900 round figure and an upward-sloping support line from March 24, close to 1.0860 by the press time, will be the last defense of the pair buyers.

On the flip side, recovery moves need to cross the aforementioned three-week-long resistance line, near 1.1010 at the latest, to recall the EUR/USD bulls.

Even so, the yearly high marked in February around 1.1035 could challenge the Euro pairs further upside before directing the buyers towards the late March 2022 peak of around 1.1185.

Overall, EUR/USD remains on the bulls radar despite the latest retreat.

EUR/USD: Hourly chart

Forex Analysis

Related broker

Frequent Complaints

HFM

Company name：HF Markets Group

Score

1.67

Website：http://www.hfm-chn.com

10-15 years | Regulated in United Kingdom | Regulated in South Africa | Regulated in Seychelles

Score

1.67

UK Retail Sales July 2026 Fall 0.5%: What the Result Means for GBP

UK retail sales fell 0.5% in July 2026, while the three-month measure rose 1.1%. See the ONS details and what the mixed result may mean for GBP.

Original 2026-08-24 21:50

Pakistan Forex Reserves Reach $22.5 Billion: Why a Stable USD/PKR Snapshot is Not Yet a Trend

Pakistan forex reserves stood at $22.506 billion on 13 August 2026, while the SBP dashboard showed a USD/PKR mark to market rate of 277.5713 on 20 August. This article separates the SBP forex reserves facts from predictions about the Pakistan rupee and the forex market Pakistan.

Original 2026-08-21 20:47

Multi-Asset Liquidity Solution in 2026: Expand Instruments Without Fragmenting Execution

A multi-asset liquidity solution can help a broker support FX, CFDs, commodities, and indices through a more unified operating model. But adding asset classes can also create fragmented symbols, pricing, routing, margin rules, records, and client messages if controls are not designed first. This 2026 guide explains how a multi asset liquidity provider, forex CFD liquidity setup, commodity liquidity provider, and indices liquidity provider fit into a broker-owned execution service. It outlines the due-diligence questions, shared-control model, cost drivers, and 90-day implementation plan that help teams expand without making the execution chain harder to explain. The aim is not to promise deeper liquidity or better trading outcomes. It is to create evidence that a broker can supervise market access, trace order events, reconcile costs, and communicate consistently to the relevant clients when conditions are difficult.

Original 2026-08-21 18:42

XAU/USD Hits $4,500: Washington Bought Bonds—and Gold Exploded

Gold surged above $4,500 after the US Treasury expanded its purchases of longer-dated government bonds, pushing yields and the dollar lower. But this was not debt forgiveness or Federal Reserve money printing—it was a liquidity operation that exposed a much bigger fear: America may be finding it increasingly difficult to live with market-driven interest rates.

Original 2026-08-21 11:10