EURUSD: Still scope for a move to 1.0850
The continuation of the upside momentum could encourage EUR/USD to revisit the 1.0850 region in the near term according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang.
24-hour view: We expected EUR to consolidate in a range of 1.0735/1.0800 yesterday. However, it rose to a high of 1.0823 and then eased off to close at 1.0791 (+0.32%). Upward momentum has improved, albeit just a tad. Today, there is a chance for EUR to retest the 1.0825 level before a more sustained pullback is likely. The major resistance at 1.0850 is likely out of reach. Support is at 1.0775; if EUR breaks below 1.0750, it suggests the current upward pressure has eased.
EURUSD BUY 1.0795 - 1.0785
✅𝖳𝖯1 1.0835
✅𝖳𝖯2 1.0875
🛑𝖲𝖫 1.0755
24-hour view: We expected EUR to consolidate in a range of 1.0735/1.0800 yesterday. However, it rose to a high of 1.0823 and then eased off to close at 1.0791 (+0.32%). Upward momentum has improved, albeit just a tad. Today, there is a chance for EUR to retest the 1.0825 level before a more sustained pullback is likely. The major resistance at 1.0850 is likely out of reach. Support is at 1.0775; if EUR breaks below 1.0750, it suggests the current upward pressure has eased.
EURUSD BUY 1.0795 - 1.0785
✅𝖳𝖯1 1.0835
✅𝖳𝖯2 1.0875
🛑𝖲𝖫 1.0755
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.