Note

EUR/USD PRICE ANALYSIS: OUTLOOK REMAINS BEARISH BELOW THE 200-DAY SMA

anbiru
· Views 48



  • EUR/USD adds to Wednesday’s recovery attempt past 1.0500.
  • Immediate resistance emerges around 1.0620.

EUR/USD keeps the bid bias unchanged and adds to Wednesday’s advance north of 1.0500 the figure on Thursday.

The continuation of the rebound should initially retarget the minor barrier at 1.0617 (September 29) ahead of the weekly peak of 1.0767 (September 12).

Meanwhile, further losses remain on the table as long as the pair navigates the area below the key 200-day SMA, today at 1.0824


Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.

Content related