- Analytics
- News and Tools
- Market News
- EUR/USD Price Analysis: Minor support emerges near 1.0840
EUR/USD Price Analysis: Minor support emerges near 1.0840
- EUR/USD reverses part of the recent weakness and regains 1.0900.
- So far, there is decent contention around 1.0840.
EUR/USD starts the week on the positive foot and reclaims the area beyond 1.0900 the figure on Monday.
The inability of the pair to regain the area of recent peaks around 1.1010 (June 22) could motivate sellers to return to the market and open the door to a potential revisit to recent weekly lows near 1.0840 (June 23).
The loss of the latter should face the next support of note around the round level of 1.0800, which also appears reinforced by the 100-day SMA (1.0809).
Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0568.
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
