• EUR/USD Price Analysis: The hunt for parity

Noticias del mercado

4 octubre 2022

EUR/USD Price Analysis: The hunt for parity

  • EUR/USD pushes higher and already surpasses the 0.9900 mark.
  • Extra gains now target the key barrier at the parity zone.

EUR/USD advances further and breaks above the key 0.9900 hurdle on turnaround Tuesday.

Considering the ongoing strong rebound, further upside should remain on the table and with the immediate hurdle now at the psychological parity level. Beyond the latter, there is a temporary resistance at the 55-day SMA, today at 1.0033.

In the longer run, the pair’s bearish view should remain unaltered while below the 200-day SMA at 1.0639.

EUR/USD daily chart

 

Enfoque del mercado
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
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: