After the euro against the US dollar hit the key resistance above and had no hope of breaking through, it reversed and fell. Will it continue to fall?

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EUR/USD:
The price of the EUR/USD D1 chart continues to consolidate at the resistance level, and this resistance level is very critical, which determines the next trend of the EUR/USD. Looking back at past charts, once the price breaks/rises above this position, it will stay above/below this position for a period of time.

The H1 chart is also currently in a consolidation phase. After hitting a key resistance level yesterday and being unable to break through, it reversed and fell. The RSI indicator also formed a golden cross, which is expected to continue to fall.

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After the Federal Reserve announced interest rates, the United Kingdom and Europe successively announced interest rate resolutions. This resolution caused gold to plummet by $40! Will the non-agricultural data tonight affect the continuous decline of gold?

During the Asian session on Friday (February 3), spot gold fluctuated and rose slightly, and is currently trading around $1916.20 per ounce.

Nigel Low February 3, 2023

Daily Market Analysis

美元反弹打压金价，非农来袭，警惕空头“乘胜追击”

亚洲时段，现货黄金震荡微涨，目前交投于1916.20美元/盎司附近，因为隔夜金价跌幅较大，技术面存在一些反弹调整需求。周四欧洲央行如期加息50个基点，但欧洲央行行长拉加德的讲话并不鹰派，美元指数大幅反弹，令金价大跌近40美元。周四出炉的美国初请失业金人数低于市场预期，降至九个月最低，也给美元提供支撑，在周五非农数据公布前，一些黄金多头获利了结，对拖累金价表现。 High Ridge Futures金属交易主管David Meger表示，对金市的基本支撑依然强劲，但市场小幅回调可能是由于在明天的美国月度就业数据之前出现一些获利了结。本交易日市场目光将聚集美国1月份非农就业报告，虽然预期并不乐观，但从其他相关数据来看，非农新增就业人数好于预期的可能性较大，鉴于黄金技术面见顶信号进一步增强，投资者需要提防金价短线的进一步下行风险。

Micheal Lee February 3, 2023

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After the euro against the US dollar hit the key resistance above and had no hope of breaking through, it reversed and fell. Will it continue to fall?

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More To Explore

After the Federal Reserve announced interest rates, the United Kingdom and Europe successively announced interest rate resolutions. This resolution caused gold to plummet by $40! Will the non-agricultural data tonight affect the continuous decline of gold?

美元反弹打压金价，非农来袭，警惕空头“乘胜追击”

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