- Analytics
- News and Tools
- Market News
- EUR/USD Price Analysis: Bullish bias unchanged above 1.0540
EUR/USD Price Analysis: Bullish bias unchanged above 1.0540
- EUR/USD remains bid near the 1.0780 region on Thursday.
- Extra gains likely above the immediate support line near 1.0540.
EUR/USD seems to have met solid resistance in the area of recent peaks around 1.0780.
In case bulls remain in control, the breakout of the January high at 1.0776 (January 11) could put the May 2022 top at 1.0786 (May 30) back on the radar ahead of the round level at 1.0800.
While above the short-term support line near 1.0540, the pair should maintain its bullish outlook.
In the longer run, the constructive view remains unchanged while above the 200-day SMA at 1.0308.
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
