Live Updates > Live Update Details
2025-07-30 13:54:25
[EUR/USD rebounds slightly, awaiting guidance from key European and American data] 1. After two consecutive days of decline, EUR/USD rebounded modestly by 0.2%, currently trading around 1.1554. Market analysts believe this rebound was primarily driven by bargain hunting, while the EU-US tariff agreement boosted European corporate earnings prospects. 2. Technical indicators show that the 5-day, 10-day, and 21-day moving averages are trending downwards, while daily momentum indicators are weak. The exchange rate is currently testing support at the 38.2% Fibonacci retracement level of 1.1537. If this level fails, it could fall to 1.1447 (50% retracement). Above, resistance lies within the 1.1637-1.1688 moving average band. Notably, a large number of options expired in the 1.1525-1.1575 range, with a total value of approximately $3.67 billion. 3. Investors are closely watching the upcoming German GDP data, as well as the US GDP, ADP employment report, and the Federal Reserve's interest rate decision tonight. These data will provide new trading clues for the foreign exchange market.
