Earnings season is a crucial time for investors and analysts, as it provides insights into how well companies have performed over the past quarter and gives indications of their future earnings. In 2023, expectations for US Q1 earnings were low due to economic challenges and rising interest rates. Surprisingly, many companies beat these low expectations, with 75% of S&P 500 companies surpassing forecasts.
EUR/USD: looking to hold above 1.1765
2019-11-11 • Updated
EUR/USD is still consolidating losses below the 50 SMA at H1 chart and the support zone of 1.1765 seems to be a solid hurdle to overcome in the short-term. We expect that such level could hold in the short-term in order to give a boost to the pair and put it on the way to reach the next mid-term target, according to our Fibonacci projections, around 1.2020, which coincides with the -23.6% Fibonacci level. If it manages to break below 1.1765, then the next target should be the 1.1712 level.
RSI indicator is entering the neutral territory is pointing to the upside.
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