- Analytics
- News and Tools
- Market News
- EUR/USD Price Analysis: Initial support emerges near 1.0910
EUR/USD Price Analysis: Initial support emerges near 1.0910
- EUR/USD appear to have met some contention around 1.0910.
- The loss of this region exposes a drop to 1.0830.
The selling pressure around EUR/USD remains everything but abated on Thursday, as this time the pair visits new multi-week lows around 1.0910.
Considering the ongoing price action, spot risks more sustained losses once 1.0900 is cleared. Against that, the pair could then challenge the July low of 1.0833 (July 6) sooner rather than later.
A deeper retracement from here should put a potential test of the key 200-day SMA at 1.0737 back on the radar, although this scenario remains out of favour for the time being.
Looking at the longer run, the positive view remains unchanged while above the 200-day SMA.
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
