- Analytics
- News and Tools
- Market News
- EUR/USD eyes 1.0570 as the next bearish target
EUR/USD eyes 1.0570 as the next bearish target
EUR/USD has extended its slide to fresh multi-year lows. As FXStreet’s Eren Sengezer notes, the next line of defense forms at 1.0570.
1.0570 aligns as the next critical support
“Investors might remain reluctant to bet on a risk rally amid escalating geopolitical tensions and renewed fears over a global economic slowdown, not allowing EUR/USD to stage a convincing recovery.”
“In case the pair makes a four-hour close below the 1.06 level, it could target 1.0570 (static level) and 1.0525 (Mar. 9, 2017, low).”
“On the upside, 1.0640 (former support, static level) aligns as the first resistance before 1.0660 (descending trend line) and 1.0700 (psychological level).”
© 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
