EUR/USD Price Analysis: There is a solid support around 1.0100

Market news

15 August 2022

EUR/USD Price Analysis: There is a solid support around 1.0100

EUR/USD corrects sharply lower and retests 1.0190/85.
The lower bound of the range emerges around 1.0100.

EUR/USD accelerates the losses and drops below the key 1.0200 support on Monday.

Further correction carries the potential to revisit the lower end of the recent range in the 1.0100 neighbourhood, although a sustained break below this level looks not favoured for the time being.

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0887.

EUR/USD daily chart

Currencies. Daily history for Monday, August 15, 2022

Commodities. Daily history for Friday, August 12, 2022

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