EUR/USD Price Analysis: Still under pressure below 1.1390

Market news

15 February 2022

EUR/USD Price Analysis: Still under pressure below 1.1390

EUR/USD manages to bounce off recent lows near 1.1280.
Immediate target comes at the 1.1390 area.

EUR/USD stages a moderate rebound following the pullback to the 1.1280 at the beginning of the week.

Further upside in the pair is expected to revisit the 5-month line in the 1.1390 area. The surpass of this level should alleviate downside pressure and refocus instead on the upside. In such scenario, the next magnet for bulls emerges at the 2022 peak at 1.1494 (February 10).

In the longer run, EUR/USD is expected to keep the negative outlook as long as it trades below the key 200-day SMA, today at 1.1652.

EUR/USD daily chart

Currencies. Daily history for Tuesday, February 15, 2022

Commodities. Daily history for Monday, February 14, 2022

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.