- Analytics
- News and Tools
- Market News
- EUR/USD Price Analysis: 1.0950 continues to be eyed as key into critical US data
EUR/USD Price Analysis: 1.0950 continues to be eyed as key into critical US data
- EUR/USD 1.0950 is a key player in the current market structure.
- The bears need to get below 1.0850 or face continued momentum to the upside.
As per the prior day's analysis, EUR/USD Price Analysis: Bears in play while below 1.0950, and the pre-open analysis at the start of this week, the euro remains within the forecasted schematic and below the 1.0950s ahead of critical data on Thursday and the Federal Reserve next week.
EUR/USD prior analysis
EUR/USD update
The bears are still lurking at key resistance and there are prospects of a blow-off to the downside for the end of the week. If the price were to melt below 1.0850, then that could be a significant development.
However, a test of stops above 1.0950 could be on the card to go high before coming down so the London session could be playing a key role in the build-up to the NY sessions.
© 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
