• EUR/USD Price Analysis: The 2020 low is just around the corner

Market news

26 April 2022

EUR/USD Price Analysis: The 2020 low is just around the corner

  • EUR/USD extends the recent breach of the 1.0700 level.
  • Next on the downside emerges the 2020 low at 1.0635.

EUR/USD drops further and prints new lows for the year around 1.0650 on Tuesday.

The downside momentum in the pair gathers extra steam and now the door looks wide open to a potential visit to the 2020 low at 1.0635 (March 23) in the short-term horizon.

While below the 2-month line around 1.1020, extra losses remain well on the cards for the pair.

EUR/USD daily chart

 

Currencies. Daily history for Tuesday, April 26, 2022
Commodities. Daily history for Monday, April 25, 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
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.
Personal area
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.

Privacy Policy

© 2000-2023. All rights reserved.