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                                    EUR/USD OTC the signalas after 10 minute down or up
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                                        7/19/2024 08:51pm
                                    </span></div></div></div> <div class="seo-text-answer" data-v-0eba195e="">The EUR/USD OTC market is exhibiting a neutral sentiment with a slight downward trend, as indicated by the following signals:

1. **Technical Overview**: The EUR/USD is trading below the key resistance area of 1.0900, which includes the May high of 1.0812, the 100-day SMA of 1.0829, and the April top of 1.0885. This suggests a bearish trend in the short term.
2. **Market Sentiment**: The market sentiment is cautious, with traders awaiting key economic data and speeches by Federal Reserve officials. This uncertainty can lead to volatile but short-lived price movements.
3. **Probability of Fed Rate Reduction**: The FedWatch Tool indicates a high probability of a Fed rate reduction in September, which could impact the USD and potentially lead to a short-term uptick in the EUR/USD.

In conclusion, the EUR/USD OTC market is currently showing a slight downward trend with a neutral sentiment. Traders should be prepared for short-term volatility and potential quick reversals in direction.</div> <div class="dialog_answer" data-v-0eba195e=""><div class="dialog_content" data-v-0eba195e=""><div class="answer_content" data-v-0eba195e=""></div></div></div></div></div> </div></div></div> </div> <div class="extra-module" data-v-261d488f=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/recommend-logo.4f9ccc8.png" alt="right-logo" fetchpriority="high" class="recommend-logo-img" data-v-261d488f=""> <div class="recommend-part" data-v-7790c618="" data-v-261d488f=""><div class="recommend-query-card" data-v-8359219a="" data-v-7790c618=""><div class="title" data-v-8359219a=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/screener-recommend-icon.b007ca8.svg" alt="icon" data-v-8359219a=""> <span data-v-8359219a="">Aime finds your next big stock</span></div> </div> <div class="recommend-query-card" data-v-8359219a="" data-v-7790c618=""><div class="title" data-v-8359219a=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/stock-recommend-icon.77f1c78.svg" alt="icon" data-v-8359219a=""> <span data-v-8359219a="">Aime powers your decisions</span></div> </div></div> </div> <div class="container-mask" style="display:none;"></div></div></div></div><script>window.__NUXT__=(function(a,b,c,d,e,f,g,h,i,j,k,l,m,n,o,p,q,r,s,t,u,v,w,x,y,z,A,B,C,D,E,F,G){return {layout:"default",data:[{noData:d,currentQuestion:c,textDescription:t,comeFrom:"AInvestShareLink",events:e,answerSource:i}],fetch:{},error:e,state:{sharePreviewModule:{loadJgySuccess:u,dialogRenderList:[{originAnswer:{input_media_info:[],bottom_reason:{chain_name:a,reason_msg:a,bottom_type:a,bottom_level:a},agent_id:a,output_media_info:[],task_id:a,source:i,reply_action:a,execute_mode:v,param:"{\"trace_id\":\"20003020172139348167500000000823\",\"question\":\"EUR\u002FUSD OTC the signalas after 10 minute down or up\",\"user_id\":\"1801958736\",\"user_name\":\"\",\"input_type\":\"typewrite\",\"session_id\":\"0b05fcc5c7b0671422e4cf5854401264\",\"source\":\"ths_wencai_international\"}",agent_info:[{info_type:"search",title:w,full_summary:"EUR\u002FUSD Technical Overview On the upside, EUR\u002FUSD is likely to face first resistance at the May high of 1.0812 (May 3), which comes before the intermediate 100-day SMA of 1.0829 and the April top of 1.0885 (April 9). North of here is the March peak of 1.0981 (March 8), which precedes the weekly high of 1.0998 (January 11), all before the psychological threshold of 1.1000. Looking south, a break of the 2024 bottom of 1.0601 (April 16) might mean a return to the November 2023 low of 1.0516 (November 1). Once this zone is cleared, spot may test the weekly low of 1.0495 (October 13, 2023), which is ahead of the 2023 low of 1.0448 (October 3) and the round level of 1.0400. Fundamental Overview EUR\u002FUSD struggles to regain impetus after Thursday’s marked advance, while a test of the key resistance area around 1.080 still remains elusive. In the meantime, spot is expected to maintain a cautious trade ahead of the key publication of the flash Michigan Consumer Sentiment for the month of May and speeches by Fed’s Bowman, Barr and Goolsbee. Around the Federal Reserve, San Francisco Fed President Mary Daly commented on Thursday on the persisting policy restrictiveness, noting the potential need for additional time to bring inflation down to the Fed's target level. Earlier on Friday, Atlanta Fed President Raphael Bostic hinted at a possible economic slowdown, although the timing for rate cuts remains uncertain. Still around the Fed, FOMC Governor Michelle Bowman, Chicago Fed President Austan Goolsbee and FOMC Governor Michael Barr are all due to speak. Meanwhile, the narrative surrounding the monetary policy divergence between the Fed and the rest of its G10 peers continues to dominate the macro scenario in the FX universe. On this, the FedWatch Tool tracked by CME Group sees the probability of a Fed’s rate reduction in September nearly 70%. SPECIAL WEEKLY FORECAST Interested in weekly EUR\u002FUSD forecast? Our experts make weekly updates forecasting the next possible moves of the Euro-US Dollar pair. Here you can find the most recent forecast by our market experts: An uneventful week ended with some more action, as choppy trading prevailed until Thursday. The EUR\u002FUSD pair seesawed in a tight range just above the 1.0700 threshold for most of the week, with the US Dollar (USD) finally giving up and extending its slide while heading into the weekly close. Read full analysis EUR\u002FUSD Big Picture EUR\u002FUSD Bullish Themes EUR\u002FUSD Bearish Themes Top Broker FXS Signals Latest EUR Analysis Latest EUR Analysis Editors' picks EUR\u002FUSD turns negative near 1.0760 The sudden bout of strength in the Greenback sponsored the resurgence of the selling pressure in the risk complex, dragging EUR\u002FUSD to the area of daily lows near 1.0760. EUR\u002FUSD News GBP\u002FUSD now rapidly loses momentum and gives away initial gains, returning to the 1.2500 region on the back of the strong comeback of the US Dollar. GBP\u002FUSD News USD\u002FJPY climbs after worse-than-expected US consumer sentiment data. Recession fears reignited as Americans became less optimistic about the economy. A jump in US inflation expectations underpins US yields and the Greenback. USD\u002FJPY News XAU\u002FUSD trims part of its initial advance in response to the jump in the Dollar's buying interest and the re-emergence of the upside pressure in US yields. Gold News Oil is falling in a descending channel on the short-term horizon. Within the channel it is currently correcting higher, however, it is likely to capitulate and resume its downtrend. Only a decisive break out of the channel would reverse the short-term bearish outlook. Oil News EUR\u002FUSD Yearly forecast How could EUR\u002FUSD move this year? Our experts make a EUR\u002FUSD update forecasting the possible moves of the euro-dollar pair during the whole year. Don't miss our 2024 EUR\u002FUSD forecast! EUR\u002FUSD FORECAST 2024 In theEURUSD 2024 Forecast, our analyst, Valeria Bednarik, anticipates gains for the next couple of months. The Eurozone economy would need to show steady signs of r",summary:x,url:y,publish_time:"2024-05-11"}],answer_chain_name:"agent_common_v2\nagent-summary",come_from:a,text_answer:t,trace_id:k,cost:40995,question:c,input_type:z,session_id:l,first_return_cost:6946,transfer_question:c,start_time:A,remote_svc:"jgateway",slots:[],intervene_result:[],answer_type:v,user_id:j,skill_name:B},renderList:[{type:"base_info",answer_path:"logs\u002FbaseInfo",base_info:{trace_id:k,session_id:l,user_id:j,question:c,source:i,raw_question:c,version:"3.3.3"},extra:{}},{answer_path:f,section:{id:g,info_texts:["Thinking"],show_type:h,choice:[],result_page:{},tag_info_list:[],is_last:b,status:"begin"},extra:{}},{answer_path:f,section:{id:g,info_texts:["Backtesting : Backtest the performance of going long after a 10-minute up and going short after a 10-minute down"],show_type:h,choice:[],result_page:{},tag_info_list:[],is_last:b,status:m},extra:{}},{answer_path:f,section:{id:g,info_texts:["Backtesting : EUR\u002FUSD OTC the signalas after 10 minute down or up"],show_type:h,choice:[],result_page:{},tag_info_list:[],is_last:b,status:m},extra:{}},{answer_path:f,section:{id:g,info_texts:["Searching Web : EUR\u002FUSD OTC the signalas after 10 minute down or up"],show_type:h,choice:[],result_page:{},tag_info_list:[],is_last:b,status:m},extra:{}},{answer_path:f,section:{id:g,info_texts:["Generating Answer"],show_type:h,choice:[],result_page:{},tag_info_list:[],is_last:b,status:"ongoing"},extra:{}},{answer_path:n,section:{id:C,info_texts:[],show_type:o,voice_txt:"The",text_answer:D,rich_text:D,choice:[],result_page:{},tag_info_list:[],is_last:b},extra:{}},{answer_path:n,section:{id:2000,info_texts:[],show_type:o,voice_txt:a,text_answer:a,rich_text:a,choice:[],result_page:{},tag_info_list:[{url:y,title:w,summary:x,index:1}],is_last:b},extra:{}},{answer_path:n,section:{id:C,info_texts:[],show_type:o,voice_txt:a,text_answer:E,rich_text:E,choice:[],result_page:{},tag_info_list:[],is_last:b},extra:{}},{answer_path:f,section:{id:g,info_texts:["Completed"],show_type:h,choice:[],result_page:{},tag_info_list:[],is_last:b,status:"end"},extra:{}},{answer_path:"suggest\u002Finputs",section:{id:10000,info_texts:[],show_type:F,choice:[],result_page:{},tag_info_list:[],is_last:b},extra:{}},{answer_path:"suggest\u002Fquestions",section:{id:10001,info_texts:[],show_type:F,choice:[{display_text:p,query_text:p,trace_info:{item_id:"2745896fd45edd699390a2036421605d",item_type:q,item_name:p,rec_info:"0+320_351_21_130+0+0+20003020172139348167500000000823+2745896fd45edd699390a2036421605d+llm_generated+aimeTagOther+0+onLineLGBM+1"}},{display_text:r,query_text:r,trace_info:{item_id:"11fee092b7fd8c6b2eaecb0ed2003f54",item_type:q,item_name:r,rec_info:"0+320_351_21_130+0+0+20003020172139348167500000000823+11fee092b7fd8c6b2eaecb0ed2003f54+llm_generated+aimeTagOther+0+onLineLGBM+2"}},{display_text:s,query_text:s,trace_info:{item_id:"64256232ac4d8478d87e49ecbc803c48",item_type:q,item_name:s,rec_info:"0+320_351_21_130+0+0+20003020172139348167500000000823+64256232ac4d8478d87e49ecbc803c48+llm_generated+aimeTagOther+0+onLineLGBM+3"}}],result_page:{},tag_info_list:[],is_last:b},extra:{}},{answer_path:"logs\u002Ftrace_debug",section:{id:1003,info_texts:[],show_type:"signal",choice:[],result_page:{},tag_info_list:[],is_last:b},extra:{action_name:B,link_ids:[],with_paid_index:d},is_last:b}],questionItem:{data:{qStr:c,encodeFlag:d,imageData:e,docsData:[],quoteData:e},tplType:"question"},events:void 0,agentId:a,param:{trace_id:k,question:c,user_id:j,user_name:a,input_type:z,session_id:l,source:i}}],userId:j,userName:a,startTime:A,mobileType:a,comeFrom:a,textConstants:{},dialogContainer:e,endSignal:d,theme:"white",showTracePopup:d,traceListData:[],chatTraceTargetIndex:u,traceTableData:e,showMask:d}},serverRendered:b,routePath:"\u002Faime\u002Fshare\u002Feurusd-otc-the-signalas-after-10-minute-down-or-up-f77199\u002F",config:{_app:{basePath:G,assetsPath:G,cdnURL:"\u002F\u002Fcdn.ainvest.com\u002FfrontResources\u002Fs\u002Fiwc-aime-seo\u002F"}}}}("",true,"EUR\u002FUSD OTC the signalas after 10 minute down or up",false,null,"progress\u002Fsearching_for",1000,"searching_for","ths_wencai_international","1801958736","20003020172139348167500000000823","0b05fcc5c7b0671422e4cf5854401264","thinking","other\u002FopenAnswer","rich_text","What is the historical performance of EUR\u002FUSD OTC after a 10-minute down or up move?","llm_generated","What is the current price of EUR\u002FUSD OTC and how has it changed in the past 10 minutes?","What are the recent news or announcements related to EUR\u002FUSD OTC that could impact its price?","The EUR\u002FUSD OTC market is exhibiting a neutral sentiment with a slight downward trend, as indicated by the following signals:\n\n1. **Technical Overview**: The EUR\u002FUSD is trading below the key resistance area of 1.0900, which includes the May high of 1.0812, the 100-day SMA of 1.0829, and the April top of 1.0885. This suggests a bearish trend in the short term.\n2. **Market Sentiment**: The market sentiment is cautious, with traders awaiting key economic data and speeches by Federal Reserve officials. This uncertainty can lead to volatile but short-lived price movements.\n3. **Probability of Fed Rate Reduction**: The FedWatch Tool indicates a high probability of a Fed rate reduction in September, which could impact the USD and potentially lead to a short-term uptick in the EUR\u002FUSD.\n\nIn conclusion, the EUR\u002FUSD OTC market is currently showing a slight downward trend with a neutral sentiment. Traders should be prepared for short-term volatility and potential quick reversals in direction.",0,"agent","EUR\u002FUSD Forecast, News and Analysis (Euro and US Dollar)","EUR\u002FUSD stays below 1.0900 as USD benefits from souring mood. EUR\u002FUSD stays on the back foot and trades below 1.0900 following Thursday's sharp decline. Dovish ...","https:\u002F\u002Fwww.fxstreet.com\u002Fcurrencies\u002Feurusd","typewrite",1721393481667,"search financial knowledge and rules",2001,"The EUR\u002FUSD OTC market is exhibiting a neutral sentiment with a slight downward trend, as indicated by the following signals:\n\n1. **Technical Overview**: The EUR\u002FUSD is trading below the key resistance area of 1.0900, which includes the May high of 1.0812, the 100-day SMA of 1.0829, and the April top of 1.0885","[^1]. This suggests a bearish trend in the short term.\n2. **Market Sentiment**: The market sentiment is cautious, with traders awaiting key economic data and speeches by Federal Reserve officials[^1]. This uncertainty can lead to volatile but short-lived price movements.\n3. **Probability of Fed Rate Reduction**: The FedWatch Tool indicates a high probability of a Fed rate reduction in September, which could impact the USD and potentially lead to a short-term uptick in the EUR\u002FUSD[^1].\n\nIn conclusion, the EUR\u002FUSD OTC market is currently showing a slight downward trend with a neutral sentiment. Traders should be prepared for short-term volatility and potential quick reversals in direction.","choice","\u002F"));</script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/b929a16.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/28ccbec.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/d9802b5.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/2077034.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/1e0f8d6.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/7a5f495.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/921844b.js" defer=""></script>