A test of 1.1181 looks likely while at 1.1258

8 July, 2019

EUR/USD remains under pressure at the beginning of the week and is flirting with the 55-day SMA in the 1.1230 zone.

In the meantime, another visit to the 1.1180 area stays well on the cards as long as the 100-day SMA at 1.1258 caps the upside .

Further up emerges the more relevant hurdle at the 200-day SMA at 1.1330. Above this area, the pair is expected to shift its focus to monthly tops near 1.1420.


Source link   Presented by HYCM

EURUSD trying to find a balance point

On Monday the 4th of November, trading on the euro closed down. The gains made by bulls on long positions on Friday above 1.130 were erased on...

EURUSD: bears poised to attack

On Monday the 28th of October, trading on the euro closed up. This was probably a technical correction following Friday's drop. This correction...

EURUSD: bears trying to take control

On Tuesday the 22nd of October, trading on the euro closed down. Trading on the US dollar was mixed during the European session, which was brought...


EURUSD: bulls ready for new highs

We're expecting fresh highs today followed by a rebound to the LB. The pair is currently trading around the trend line, so it will be interesting to see...

EURUSD: 1.0893 on the horizon

On Wednesday the 25th of September, trading on the euro closed down. The single currency dropped to 1.0938 against the greenback...

EURUSD: consolidating on the balance line

On Tuesday the 24th of September, trading on the euro closed up. The pound came out on top yesterday, making gains in the wake of the...


Draghi delivers "whatever it takes"

After pledging to do whatever it takes to preserve the Euro back in 2012, Mario Draghi in his final meeting as ECB President has unleashed a wave of new...

Recovery to the LB on the cards

Last week, all the majors lost ground against the US dollar. The biggest loser was the Swiss franc (-1.51%), followed by the euro (-1.35%), the Kiwi...

Bulls trying to recover yesterday's losses

On Monday the 26th of August, trading on the euro closed down. The single currency underwent a correction following Friday's rally, when it rose in...

  


Share it on:   or