EUR/USD: Heading towards 1.1000

EUR/USD is trading around the 38.2% retracement of its latest daily decline at 1.0960. Valeria Bednarik, a Chief Analyst at FXStreet, examines the tec  |  26/03/2020 14:20

EUR/USD is trading around the 38.2% retracement of its latest daily decline at 1.0960. Valeria Bednarik, a Chief Analyst at FXStreet, examines the technical picture of the EUR/USD pair.

Key quotes

“The 4-hour chart shows that the price met sellers around its 200 SMA, while the 20 SMA heads sharply higher below the current level.”

“Technical indicators, in the meantime, advance within positive levels, favouring additional advances, should the pair manage to clear the current area. Pullbacks need to be contained by buyers around 1.0920 to keep the bullish case alive.”

“Support levels: 1.0920 1.0885 Resistance levels: 1.1015 1.1060”

 

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