EUR/USD Price Analysis: Trades above 1.0850, descending channel
21.10.2024, 05:23

EUR/USD Price Analysis: Trades above 1.0850, descending channel

  • EUR/USD could return to the descending channel as a bearish bias is active.
  • The pair could approach the "throwback support" near the psychological level of 1.0800.
  • The nine-day EMA at 1.0897 appears as the immediate barrier.

EUR/USD inches lower to near 1.0860 during the Asian session on Monday. A review of the daily chart shows that the pair has breached the descending channel pattern. If it re-enters the channel, it could reinforce a bearish bias for the pair.

Additionally, the 14-day Relative Strength Index (RSI), a key momentum indicator, is slightly above the 30 level. A drop below this threshold would indicate an oversold condition, suggesting the possibility of an upward correction for the EUR/USD pair in the near future.

On the downside, if the EUR/USD pair re-enters the descending channel, it could approach the "throwback support" near the psychological level of 1.0800. A break below this key level could increase selling pressure, pushing the pair toward testing the lower boundary of the descending channel around the 1.0770 mark.

In terms of resistance, the EUR/GBP pair may encounter an immediate hurdle around the nine-day Exponential Moving Average (EMA) at 1.0897, which is aligned with the psychological level of 1.0900. A break above this resistance could pave the way for the pair to explore the region around the major level of 1.1000.

EUR/USD: Daily Chart

Euro PRICE Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the Japanese Yen.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   0.04% 0.08% -0.18% -0.02% 0.07% -0.07% 0.06%
EUR -0.04%   -0.03% -0.31% -0.00% 0.00% -0.22% -0.08%
GBP -0.08% 0.03%   -0.27% -0.09% 0.00% -0.15% -0.07%
JPY 0.18% 0.31% 0.27%   0.14% 0.24% 0.15% 0.17%
CAD 0.02% 0.00% 0.09% -0.14%   0.00% 0.01% -0.06%
AUD -0.07% -0.00% -0.01% -0.24% -0.00%   -0.07% -0.09%
NZD 0.07% 0.22% 0.15% -0.15% -0.01% 0.07%   0.08%
CHF -0.06% 0.08% 0.07% -0.17% 0.06% 0.09% -0.08%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik