EUR/USD recovers its recent losses registered in the previous session, trading around 1.0710 during the Asian session on Thursday.
EUR/USD could approach the 21-day EMA at 1.0727. A break below 1.0700 could lead the pair toward the major support of 1.0650 and April’s low at 1.0601. A breach above the major level of 1.0695 suggests a weakening of bearish sentiment. From a technical standpoint, analysis suggests a weakening of bearish sentiment for the pair as it has surpassed the major level of 1.0695 and the psychological level of 1.0700.
Further support may be identified around April’s low at 1.0601, which aligns with the psychological level of 1.0600. On the upside, the immediate barrier for the pair could be the 21-day Exponential Moving Average at 1.0727. A breakthrough above this level could propel the pair towards the 38.2% Fibonacci retracement level at 1.0749, which is drawn between the levels of 1.0981 and 1.0606, coinciding with the major level of 1.0750. EUR/USD: Daily Chart EUR/USD Overview Today last price 1.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/USD Price Analysis: Moves above 1.0850; next barrier at previous week’s highEUR/USD put efforts to continue its winning streak for the sixth successive session on Tuesday.
Read more »
EUR/USD Price Analysis: Holds above psychological level of 1.0600 amid a bearish sentimentEUR/USD continues its losing streak for the sixth successive session on Tuesday, hovering near 1.0620 during the Asian trading hours.
Read more »
EUR/USD Price Analysis: The first upside target is seen at the 1.0710–1.0715 regionThe EUR/USD pair trades in positive territory for the fourth consecutive day near 1.0705 on Wednesday during the early European trading hours.
Read more »
EUR/USD Price Analysis: Tests the major level of 1.0650; followed by the nine-day EMAEUR/USD remains lackluster during the Asian trading hours on Tuesday, hovering near 1.0650.
Read more »
EUR/USD Price Analysis: Extends recovery, the first upside target is seen at 1.0700The EUR/USD pair extends its recovery near 1.0688 on Thursday during the early European trading hours.
Read more »
EUR/USD Price Analysis: The key contention level is seen at the 1.0600–1.0605 regionThe EUR/USD pair posts modest gains around 1.0625 after bouncing off the fresh yearly low of 1.0600 on Wednesday during the early European trading hours.
Read more »