Live market review with OANDA
This 30-minute webinar is hosted by an experienced trader, it will provide you with insight that you need to trade FX CFDs strategically.
This 30-minute webinar is hosted by an experienced trader, it will provide you with insight that you need to trade FX CFDs strategically.
What we'll cover:
Join market analysis webinars for a live market update and analysis on the recent price movements of the major currency pairs.
Dates
Can the euro regain its confidence?
The U.S.-Iran war has hurt the EUR/USD, as higher oil prices and potentially weaker economic growth are viewed as negatives for the cyclical euro. Yet, the multi-year uptrend remains in place, and traders may benefit from taking a long-term view. For clues on whether the EUR/USD is behaving better than expected, technical analysis can help spot momentum divergences, especially when comparing the currency pair’s price action to the 2022 oil spike. Is this time similar, or does the EUR/USD still have several levels of support?
In this webinar, we’ll explain:
- How the EUR/USD has traded in recent months
- Why this event could be different than 2022, and why the euro may find support sooner
- during this episode
- How to use Fibonacci retracement analysis to gain more insights into support and resistance
- Stop-loss strategies to ensure that a long-term view doesn’t create heightened drawdown risks
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