- EUR/USD: Sellers remain on the sidelines for the time being
Market news
1 September 2022
EUR/USD: Sellers remain on the sidelines for the time being
EUR/USD has gone into a consolidation phase above parity. As FXStreet’s Eren Sengezer notes, euro bears remain hesitant.
1.0080 aligns as next resistance
“In case safe-haven flows dominate the financial markets in the second half of the day, EUR/USD could stay under bearish pressure.”
“On the upside, 1.0080 (Fibonacci 38.2% retracement, 100-period SMA) aligns as next resistance before 1.0130 (Fibonacci 50% retracement) and 1.0145 (200-period SMA).”
“Supports are located at 1.0020, 1.0000 (psychological level, static level) and 0.9980 (50-period SMA).”
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