EUR/USD Price Analysis: Next resistance comes at 1.0641

Market news

17 May 2022

EUR/USD Price Analysis: Next resistance comes at 1.0641

EUR/USD keeps pushing higher and retakes 1.0500 and above.
Immediately to the upside is now the weekly high at 1.0641.

EUR/USD picks up further pace and trespasses the key barrier at 1.0500 the figure on Tuesday.

Considering the pair’s ongoing price action, the continuation of the rebound appears likely in the very near term at least. Against that, the next hurdle emerges at the weekly high at 1.0641 (May 5) ahead of the temporary 55-day SMA, today at 1.0819.

Below the 3-month line around 1.0880, the pair is expected to remain under pressure and vulnerable to extra losses.

EUR/USD daily chart

Currencies. Daily history for Tuesday, May 17, 2022

Commodities. Daily history for Monday, May 16, 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.