EURUSD analysis 06/05/2024

5 Haz

EUR/USD steadies below 1.0900 ahead of key US dataEUR/USD is consolidating below 1.0900 early Wednesday amid modest gains in the US Dollar. Fed rate cut bets keep US bond yields lower, limiting the pair's downside. Key US data on Wednesday could provide some impetus ahead of the ECB on Thursday.

The pair is approaching the lower trendline of the uptrend and is being supported by the EMA34 and EMA 89. In case the news is positive for the USD, it is possible that EURUSD will break the trendline and two EMA line to approach the 1.08300 support zone.

The old peak at 1.9100 will be the first resistance area that the pair encounters when the price is pushed up from the current support area. With the negative release news for USD the highest level EURUSD reached today was 1.09700.

BUY zone 1.08300 SL 1.08000
SELL zone 1.09100 SL 1.09400
SELL zone 1.09700 SL 1.10000

5 Haz

İşlem aktif

6 Haz

İşlem aktif

EUR/USD holds positive ground above 1.0850 ahead of ECB rate decision
The EUR/USD pair gains ground around 1.0875 despite the recovery of the US Dollar during the Asian session on Thursday. The European Central Bank interest rate decision and Press Conference by President Christine Lagarde will take centre stage later on Thursday.

7 Haz

İşlem kapandı: hedefe ulaştı