Trend: Downward, with lower highs and lower lows.
Outlook: Expected retest of resistance before further decline.
Focus Price Levels:
Resistance: 1.0870, 1.0900
Support: 1.0780, 1.0740
EUR/USD BOUNCES AT 100-HOUR MA AND SWING AREA RESISTANCE EUR/USD fell below the 100-hour MA, reaching 1.08174. Support at the 61.8% retracement and March swing levels led to a rebound. The price is now testing the 100-hour MA and resistance.
STOCKS SLIP AS TRADERS DIGEST TRUMP TARIFF THREAT, INFLATION DATA Stocks declined Thursday amid Trump's tariff threat and new inflation data. Tech stocks lifted the S&P 500 by 0.5% on Wednesday. Nasdaq rose 1.2%, led by Nvidia and Palantir gains. Dow Jones fell 0.
The US Senate Banking Committee approved a new law for stablecoins. The law is called the Guiding and Establishing National Innovation for US Stablecoins Act. It focuses on setting clear rules for stablecoin payments. The goal is to make stablecoins safer and more reliable in the US. This is an
US INITIAL JOBLESS CLAIMS LOWER THAN EXPECTED Initial jobless claims came in at 220K, below the 225K estimate. Prior week's initial claims were revised to 222K from 221K. The 4-week moving average for initial claims is 226K, up from 224.5K last week. Continuing claims totaled 1.870M,