EUR/USD Price Analysis: Looks side-lined within 1.0100-1.0300

Market news

4 August 2022

EUR/USD Price Analysis: Looks side-lined within 1.0100-1.0300

EUR/USD regains poise and approaches 1.0200 on Thursday.
Price action remains stuck with the 1.0100-1.0300 range.

EUR/USD reverses part of the weekly pullback and manages to retest the vicinity of the 1.0200 region on Thursday.

In light of key releases in the US docket on Friday, the pair is expected to keep the current 1.0100-1.0300 range broadly in place for the time being. The loss of the lower bound of the range could see a potential visit to the parity level return to the radar.

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0934.

EUR/USD daily chart

Currencies. Daily history for Thursday, August 4, 2022

Commodities. Daily history for Wednesday, August 3, 2022

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