EUR/USD New York Price Forecast: Euro trading in 5-day’s highs, nearing 1.1000 figure

EUR/USD correction continues for the fourth consecutive day with the spot approaching the 1.1000 handle and the 50 SMA on the daily time frame.  |  26/03/2020 14:03
  • EUR/USD retracement up challenges the 1.0978 resistance and the 200 SMA on the four-hour chart.
  • The next levels of resistance are seen near 1.1012 and 1.1065.
 

EUR/USD daily chart 

 
EUR/USD correction continues for the fourth consecutive day with the spot approaching the 1.1000 handle and the 50 SMA on the daily time frame.  
 

EUR/USD four-hour chart

 
 
EUR/USD is challenging the 1.0978 resistance located near the 200 SMA on the four-hour chart. The momentum in the correction up remains unabated. A break beyond the above-mentioned level should lead to further upside towards the 1.1012 and 1.1065 in the near term. However, as the underlying tone remains bearish a reversal down cannot be ruled out. Support can be expected near the 1.0921, 1.0898 and 1.0852 levels according to the Technical Confluences Indicator.
 
 
 
Resistance: 1.0978, 1.1012, 1.1065
Support: 1.0921, 1.0898, 1.0852
 
 

Additional key levels

 

Share

Popular News

Show More Popular News

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on finance
and other asset classes for Market Insight viewers

Back

Login to Market Insight Account

Your Market Insight account gives you access to the tools that we offer our customers including our
Technical Studies & Sentiment for your accounts.

Forgot Password?

Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

Create a Market Insight's Account

Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

register_ty

Thank you!

Welcome to Market Insight family!

You have succesfully completed the registration.
We will send you an e-mail to give you some
instructions and our Terms and Conditions!
Our account representatives will be contacting you as
soon as possible. If you have any further questions
please do not hesitate to mail us via info@marketinsight.com