EUR/USD Price Analysis: Immediately to the upside comes the 200-day SMA

Market news

22 November 2022

EUR/USD Price Analysis: Immediately to the upside comes the 200-day SMA

EUR/USD reverses part of the recent retracement on Tuesday.
A more intense rebound should meet the next hurdle at 1.0400.

EUR/USD returns to the positive territory and manages to climb as highas as the boundaries of the key 1.0300 region on Tuesday.

The continuation of the rebound should initially target the key 200-day SMA, today at 1.0400. The surpass of the latter is needed to dispute the so far November peak at 1.0481 (November 15).

EUR/USD daily chart

Currencies. Daily history for Tuesday, November 22, 2022

Commodities. Daily history for Monday, November 21, 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.