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UK_LEE
Nov 8, 2021 7:57 AM

Long Long

Euro Fx/U.S. DollarFXCM

Description

EUR/USD is ranging above mid-1.1500s, consolidating the recovery from yearly lows. EUR/USD Price Analysis: Recovery needs acceptance above 21-DMA 1.1590, If that is cleared on a sustained basis, then the EUR buyers will look to take out the previous week’s highs at 1.1616.
Further up, the downward-sloping 50-DMA barrier at 1.1669 will be next on the bulls’ radars.
Supports could be seen at 1.1530 (static level) ahead of 1.1500 (psychological level) and 1.1440 (previous resistance, static level).
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