- Analytics
- News and Tools
- Market News
- EUR/USD Price Analysis: Solid hurdle emerges around 1.0790
EUR/USD Price Analysis: Solid hurdle emerges around 1.0790
- EUR/USD looks offered but keeps the trade above 1.0700.
- The 1.0790 region remains a tough barrier for bulls so far.
EUR/USD navigates within the daily range against the backdrop of fresh demand for the greenback.
The surpass of the 1.0780/90 band - where the 3-month resistance line and the May top coincide - should see the downside pressure alleviated and this could spark a fresh bout of strength in the near term. Against that, the next target of note then emerges at the weekly high at 1.0936 (April 21).
In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.1232.
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
