EUR/USD Technical Outlook: Short-term Setback

The sharp fall toward the end of last week could be a sign that the Euro’s four-month-long rally is losing steam. EUR/USD dropped after US jobs and services data beat expectations, leading to higher repricing in US rate expectations. Future rates indicate the Fed to hike at least two more rate hikes, taking the benchmark to above 5%.

Before Friday’s data, the market expected the benchmark rate to peak below 5%. This follows a 25 basis points hike by the US Federal Reserve and a 50 basis points hike by the European Central Bank (ECB) last week. While the Fed acknowledged early signs of disinflation, Chairman Powell said the central bank could conduct a few more rate hikes to bring down inflation to its target.

The ECB, on the other hand, maintained its hawkish stance. On balance, while ECB wasn’t incrementally hawkish, the Fed wasn’t as dovish as some had expected, weighing on EUR/USD. On technical charts, EUR/USD had been struggling to extend gains in recent weeks ahead of stiff resistance around 1.0900, including the 89-week moving average and a slightly upward-sloping trend from 2017, as pointed out a couple of weeks ago.

Moreover, a negative momentum divergence on the daily and weekly charts (softening Stochastics as the spot has made new highs) raised the odds of a pause/minor setback in the near term, as highlighted last week. EUR/USD posted a bearish shooting star pattern on the weekly candlestick charts and is now approaching important support at about 1.0700-1.0750.

EUR/USD hasn’t been able to break below the 200-period moving average decisively, suggesting that 1.0700-1.0750 could be tough to break, at least in the first attempt. However, any break below the support would confirm that the upward pressure had faded, indicating the possibility of an extended range in the short term. Subsequent support is at the January low of 1.0480. Strong support is on the 200-day moving average (now at about 1.0320). The uptrend since late 2022 is unlikely to reverse while EUR/USD holds above the long-term moving average.

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    The front squat is a multi-joint train that emphasizes the anterior chain whereas remaining able to adequately training the posterior chain muscular tissues.

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    it helps to improve energy and technique in the competitors squat instantly.
    The landmine curl challenges grip power by gripping the end of a barbell.
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    Like any bench press, there will be some danger for shoulder ache, however
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    You’ll discover this place permits your elbows to journey barely farther away out of
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    Another disadvantage of the shut grip bench press is
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    This is extra harmful on your shoulders because it increases the stress on your shoulder joint.
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    It’s just that barbells usually allow you to use heavier
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    Now that we have mentioned the intent, focus, and technical execution of the front squat, it’s time to focus on how to properly program the exercise.
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    As we transfer by way of the eccentric portion of the lift, we need to maintain our trunk brace locked
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    The close-grip bench press is a variant of the bench press where you transfer extra of the work to the triceps,
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    The pectoralis major (chest) is the second muscle group with an active role in the course of the close-grip press (1, 3).

    Our pecs cover the higher front half of the torso and assist
    the triceps with urgent the burden from the bottom.
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    out your chest. Particularly, the primary muscular tissues
    you’ll target are the triceps, anterior deltoid (the entrance of your shoulder), and the pectoralis
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    His specialty helps individuals construct muscle to improve their power and basic health, with purchasers including school, professional,
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    By retracting and squeezing your shoulder blades collectively on the flat bench, you not solely defend your shoulders
    but in addition create a more secure base to raise heavier weights safely.
    Right Here are the most typical Bench Press mistakes seen on this bench variation and the method to keep away
    from them to ensure your bench press efficiency is both efficient and protected.

    If the time you spend within the fitness center is a concern, adding units of close grip bench instead
    of other dumbbell equipment for the triceps and
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    deltoid activation. Now, if your shoulder joint, elbow joint, or wrist hurts throughout
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    This protects your again and ensures you’re working the best muscle
    tissue as an alternative of counting on momentum.

    Verify out our power standards for Bench Press, Shut Grip Bench
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    In order to construct all three heads of your triceps, you should
    most likely add a triceps extension exercise.

    Some folks will advocate gripping the barbell even narrower than shoulder width, to the purpose the
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    That is often a good raise for emphasizing the triceps, but it’s not what we’re
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    the load on other joints except for the elbow. I was making an attempt
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    That’s why Olympic plates keep placed on the Kaddilac
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    Since we’ll be speaking about multi-grip bar geometry in-depth
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