- Analytics
- News and Tools
- Market News
- EUR/USD Price Analysis: Immediately to the upside comes 1.1300
EUR/USD Price Analysis: Immediately to the upside comes 1.1300
- EUR/USD pushes higher and retests the 1.1280 area.
- The 55-day SMA around 1.1300 emerges as the next hurdle.
EUR/USD is up for the third session in a row and approaches the key barrier at the 1.1300 region on Tuesday.
The ongoing strength is deemed as corrective only. However, further recovery could attempt a test of the round level at 1.1300, where the 55-day SMA also converges. Above the latter is located the 4-month resistance line near 1.1320, above which the selling pressure is expected to lose some traction.
In the longer run, the negative outlook is seen unchanged below the key 200-day SMA at 1.1687.
EUR/USD daily chart
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
