- EUR/USD Price Analysis: Interim contention emerges around 1.0645
Market news
9 tháng 11 2023
EUR/USD Price Analysis: Interim contention emerges around 1.0645
- EUR/USD struggles for direction around the 1.0700 neighbourhood.
- Bouts of weakness should meet initial support near 1.0650.
EUR/USD trades in an inconclusive fashion around the 1.0700 region on Thursday.
In case the downward bias picks up extra pace, the 55-day SMA at 1.0645 should offer temporary contention prior to the weekly low of 1.0495 (October 13).
In the meantime, while below the 200-day SMA at 1.0801, the pair’s outlook should remain negative.
EUR/USD daily chart
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