Tifia_Investments_Limited
Long

EUR/USD: general analysis

FX:EURUSD   Euro Fx/U.S. Dollar
38 0 1
Current trend
Last week, the European currency was strengthening against the US dollar             and reached its two-month highs. Today, investors are waiting for the Fed interest rate decision. Experts suggest that, as economic risks are still high, while inflation and unemployment fail to reach the target levels, the Regulator will keep its interest rate unchanged. This decision may support the EUR/USD             pair; otherwise, a sharp fall would follow.
Support and resistance
The level of 1.0996 is seen as a strong support level as both 0.0% Fibonacci and the lower MA of Bollinger Bands have concentrated there. Support levels are 1.1080 and 1.1114 (23.6% Fibonacci). MACD histogram is in the negative zone, its volumes are falling.
Trading tips
Place pending buy orders at the level of 1.1085 with the target at 1.1115 and stop-loss 1.1050.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out