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The EUR/USD failed to regain the 1.12 level and has entered in dowside correction. Immediate support is seen at 1.1160 and lower at 1.1080.
The EUR/USD failed to regain the 1.12 level and has entered in dowside correction. Immediate support is seen at 1.1160 and lower at 1.1080.
EURUSD have a look at 1.12xx, else is prone to further losses
On yesterday session, the EURUSD made a new high but found enough resistance to turn south and closed near the low of the day, however the currency pair closed within Monday’s range, which suggests being slightly on the bearish side of neutral.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a Fibonacci extension at 1.1291, a daily resistance at 1.1237, the 10-day moving average at 1.1125 (support), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
On yesterday session, the EURUSD rose with a narrow range and closed near the high of the day, although the currency pair closed within Tuesday’s range, which suggests being slightly on the bullish side of neutral.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a Fibonacci extension at 1.1291, a daily resistance at 1.1237, the 10-day moving average at 1.1159 (support), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).
The EUR/USD pair again crossed to above the important 1.12 handle after the US releases. Next bulls’ target is seen at 1.1267 (May’s 23 high) and if conquering it, will be challenged by 1.13.
On yesterday session, the EURUSD initially tried to rise but found enough resistance at 1.1237 to erase all its gains and closed near the low of the day, however managed to close within Wednesday’s range, which suggests being slightly on the bearish side of neutral.
The currency pair is trading above the 10, 50, and 200-day moving averages that should provide dynamic support.
The key levels to watch are: a Fibonacci extension at 1.1291, a daily resistance at 1.1237, the 10-day moving average at 1.1180 (support), a daily support at 1.1097, previous wing high at 1.1021 (support) and a key level at 1.0970 (support).