11 Mar, 2025
5 minutes
Daily Technical Analysis：EUR/USD、 Gold
Introduction: Welcome to our daily technical analysis of the financial markets, focusing today on EUR/USD and Gold. Let's dissect the latest news, market trends, and crucial price levels to watch out for.
1. EUR/USD Analysis:
News Summary:
The euro outperformed mainly because German leaders, including likely new Chancellor Merz, agreed to extend borrowing limits and create a 500-billion-euro infrastructure fund to boost defense spending and stimulate economic growth. Germany's decision on a massive economic stimulus package forced investors to reduce bets on two more European Central Bank rate cuts this year, as this could have inflationary implications for the euro zone.
Trend Analysis:
We can see EUR/USD rebounded and moved above the 48 hours moving average on H4 chart. In addition, the MACD double line and histogram bar converge above the zero axis. The buy limit could be placed, stop loss is necessary.
Today's Key Price Levels:
Key Support Levels: [1.0770]
Key Resistance Levels: [1.0940]
Pivot Points [1.0800]
2. Gold Analysis:
News Summary:
UOB said that the physical gold short squeeze is expected to push gold above $3,000. Uncertainty over trade tariffs has led to a sudden return of large amounts of gold bars to the New York Mercantile Exchange and the United States, triggering a global gold short squeeze. In addition, the main positive drivers for gold remain unchanged, such as growing concerns about slowing economic growth. UOB recently raised its gold price forecast for the second quarter from $2,800 to $2,900 per ounce.
Trend Analysis:
We can see gold oscillated and ran near the 48 hours moving average on H4 chart. On the other hand, the MACD double line and histogram bar shrink near the zero axis. The buy limit could be used, stop loss is mandatory.
Today's Key Price Levels:
Key Support Levels: [2868]
Key Resistance Levels: [2933]
Pivot Points [2882]