- EUR/USD: Vulnerable if 1.06 breaks – OCBC
Market news
21 tháng 9 2023
EUR/USD: Vulnerable if 1.06 breaks – OCBC
EUR/USD fell in the aftermath of the Fed’s hawkish outcome. Economists at OCBC Bank analyze the pair’s outlook.
Downside risks ahead
Mild bearish momentum on the daily chart intact while the Relative Strength Index (RSI) fell towards near oversold conditions. Downside risks ahead.
Support at 1.0630, 1.06 levels. A break could bring the EUR/USD pair back down to the year-low of 1.0510 levels.
Resistance at 1.0750 (21-Day Moving Average), 1.0830 levels (200-DMA).
See – EUR/USD: 1.0600/1.0610 looks like the last line of support before 1.0500 – ING
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 disclaimerOpen Demo Account & Personal Page