Euro is the worst performing G10 currency today as concerns over the banking sector renewed. Credit Suisse stock plunged to new record low after the lender's top shareholder ruled out further injections if another call for additional liquidity was needed. Tomorrow traders will focus on the ECB policy statement, with policymakers expected to raise interest rates by at least 25 bps, with a 50% chance of a larger half-point move.
As sentiment towards risky currencies deteriorates EURUSD pair fell over 1% on Wednesday and is testing a crucial support zone around 1.0600, which coincides with 38.2% Fibonacci retracement of downward wave started in May 2021 and upward trendline. Should break lower occur, sell-off may deepen towards local support at 1.0530, where recent lows can be found. Should break lower occur, downward move may extend towards the lower limit of the broad 1:1 structure at 1.0280, which coincides with 200 SMA (red line).
EURUSD, D1 interval. Source: xStation5
EUR and CHF took the biggest hit on Wednesday. Source: xStation5
ตลาดเด่นวันนี้ - EURUSD
ข่าวเด่น: ตัวเลขเงินเฟ้อสุดท้ายตรงตามที่คาดการณ์ไว้ ดัชนีเงินเฟ้อหลัก HICP ปรับตัวสูงขึ้นเล็กน้อย
ปฏิทินเศรษฐกิจ: เงินเฟ้อยูโรโซนช่วงท้ายสัปดาห์
ข่าวเด่น: อัตราการว่างงานของสวีเดนลดลงเล็กน้อย
