EUR/USD Price Analysis: Still scope for extra losses

Noticias del mercado

21 agosto 2023

EUR/USD Price Analysis: Still scope for extra losses

EUR/USD manages to rebound past the 1.0900 hurdle.
A drop below 1.0844 exposes extra retracements near term.

EUR/USD reverses six consecutive daily pullbacks and regains the 1.0900 hurdle and above on Monday.

If the pair resumes the downside it is expected to revisit the August low of 1.0844 (August 18) prior to the July low of 1.0833 (July 6). The loss of this region leaves the pair vulnerable to a probable test of the critical 200-day SMA at 1.0792 in the short-term horizon.

In the meantime, the pair’s positive outlook remains unchanged while above the 200-day SMA.

EUR/USD daily chart

GBP/USD: Clear break above 1.2820 targets a move to the low 1.30s – Scotiabank

USD/CAD may be prone to more corrective losses – Scotiabank

Enfoque del mercado

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Aviso de riesgo: El hecho de realizar operaciones comerciales en los mercados financieros con instrumentos financieros de margen abre grandes oportunidades y permite a los inversores que estén dispuestos a correr riesgos a obtener altos rendimientos, pero al mismo tiempo conlleva un nivel de riesgo de pérdidas potencialmente alto. Por lo tanto, antes de comenzar a operar, se debe tomar de manera responsable a la cuestión de elegir una estrategia de inversión correspondiente, teniendo en cuenta los recursos disponibles.

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