EUR/USD Price Analysis: Another run to the 2022 low looks likely

Market news

27 September 2022

EUR/USD Price Analysis: Another run to the 2022 low looks likely

EUR/USD gathers some upside traction above 0.9600.
Another test of the YTD low near 0.9550 stays on the cards.

EUR/USD meets some fresh buying interest and reclaims the area beyond the 0.9600 mark on Tuesday.

Rising bets for extra weakness in the European currency remain well on the table with the immediate target at the 2022 low at 0.9552 (September 26). A deeper drop could challenge the round level at 0.9500 ahead of the weekly low at 0.9411 (June 17 2002).

In the longer run, the pair’s bearish view is expected to prevail as long as it trades below the 200-day SMA at 1.0676.

EUR/USD daily chart

Currencies. Daily history for Tuesday, September 27, 2022

Commodities. Daily history for Monday, September 26, 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.