• EUR/USD Price Analysis: Potential correction ahead of extra gains?

Notícias do Mercado

14 julho 2023

EUR/USD Price Analysis: Potential correction ahead of extra gains?

  • EUR/USD advances to new highs in the 1.1240/45 band.
  • The next up-barrier emerges not before 1.1495.

EUR/USD’s intense upside seems to have met an initial barrier around 1.1240, or 2023 peaks, so far on Friday.

While the continuation of the upside momentum appears favoured in the very near term, the pair’s current overbought conditions might spark a corrective knee-jerk. Further upside is then expected to meet the next resistance level of note at the 2022 high of 1.1495 recorded on February 10.

Looking at the longer run, the positive view remains unchanged while above the 200-day SMA, today at 1.0651.

EUR/USD daily chart

 

United States UoM 5-year Consumer Inflation Expectation meets forecasts (3.1%) in July
An array of factors already suggests the CAD should be somewhat stronger – Scotiabank
O foco de 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 Conta Demo e Página Pessoal
Compreendo e aceito a Política de Privacidade e concordo que os meus dados sejam processados pela TeleTrade e usados para os seguintes efeitos:
Área pessoal
Área pessoal
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.

Política de privacidade

© 2000-2023. Todos os direitos são reservados.