EUR/USD: Breach of 50-DMA hurdle likely

FX:EURUSD   Euro / U.S. Dollar
Though Euro             retreated from 1.1234 to low of 1.1113, the rebound seen in Asia from the upper end of the channel suggests the recent bullish tone remains intact and prices could cut through 50-DMA hurdle of 1.1152 and test 1.1181 (38.2% of 1.1616-1.0911), but reckon the resistance would hold due to caution ahead of US non-farm payrolls release.

On the lower side, only a daily closing below 1.1066 (50% of 1.0517-1.1616) would suggest bullish invalidation and open doors for a cut through psychological support at 1.10.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out