- Analytics
- News and Tools
- Market News
- EUR/USD Price Analysis: Another test of 1.1020 looks in the pipeline
EUR/USD Price Analysis: Another test of 1.1020 looks in the pipeline
- EUR/USD reverses the early move to tops near 1.1150.
- Next on the downside emerges the weekly low at 1.1020.
EUR/USD trades in a volatile fashion and trims initial gains to the 1.1150 zone, leaving the door open to further retracement in the very near term.
Considering the recent price action, extra weakness should not be discarded and could motivate the pair to revisit the psychological support at 1.1000 the figure once the weekly low of 1.1020 (July 25) is cleared.
Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0712.
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
