Euro / U.S. DollarShort
EUR/USD: Losses could extend to the 1.05/1.06 range
EUR/USD: Losses could extend to the 1.05/1.06 range on failure to hold 1.0670/80
EUR/USD has drifted back to the 1.07 area. The pair could fall to the 1.05/06 region.
BEARISH TECHNICAL ANALYSIS
“Intraday weakness below the 1.0730/35 support zone (now minor resistance intraday) risks seeing EUR losses extend somewhat more as spot’s recent consolidation range has broken down.”
“EUR/USD support is 1.0670/80 (55-Day Moving Average which held losses earlier this week at 1.0682). EUR losses could extend to the 1.05/1.06 range below there.”
EUR/USD has drifted back to the 1.07 area. The pair could fall to the 1.05/06 region.
BEARISH TECHNICAL ANALYSIS
“Intraday weakness below the 1.0730/35 support zone (now minor resistance intraday) risks seeing EUR losses extend somewhat more as spot’s recent consolidation range has broken down.”
“EUR/USD support is 1.0670/80 (55-Day Moving Average which held losses earlier this week at 1.0682). EUR losses could extend to the 1.05/1.06 range below there.”
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.