TipTVFinance

EUR/USD – losses seen below daily low

FX:EURUSD   Euro Fx/U.S. Dollar
Despite pair’s jump to a high of 1.1119 yesterday the subsequent retreat and a failure to see a daily closing above 200-DMA suggests upticks are likely to be met with offers today.

The spot clocked a high of 1.1096 in Asia largely on account of EUR/JPY             pop ahead of BOJ rate decision.
But once again the bird is losing height and currently hovers around 1.1082. A break below 200-DMA of 1.1075 followed by a move below daily low of 1.1072 would open doors for a drop to 1.1039 (5-DMA) – 1.1030 (10-DMA) levels.

On the higher side, a day end closing above 1.1144 (smaller channel resistance on daily) would add credence to post Fed rebound from 1.0960 levels and shall open doors for a test of stiff resistance zone of 1.1180-1.12.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out