EURUSD: Pay attention to defending 1.0800

Zaktualizowano
Hello dear friends, it's RKarina here again! What do you think about the next trend for this currency pair?

EUR/USD remains stable, hovering around the 1.0850 level, especially after Tuesday's trading session, which saw minimal momentum for this currency pair due to a larger-than-expected drop in durable goods orders in the US for January. Now, all attention is focused on the upcoming release of US Gross Domestic Product (GDP) data on Wednesday.

From the chart: EURUSD is currently in a corrective phase, facing downward pressure from sellers as it approaches the resistance level at 1.0888. The current support level is set at 1.079, with a notable possibility of price recovery in this area. Within the range of 0.5 - 0.618, buyers are closely monitoring this zone for opportunities to maneuver and compete in this currency pair.
Uwaga
EURUSD - Stable trading above the psychological level of 1,080
Zlecenie aktywne
Uwaga
EURUSD: Critical support level 1,080 remains strong!
EURUSDForexHarmonic PatternsTechnical IndicatorsintradaytradelongsetupoptionsstrategiessignalsTechnical AnalysisTrend Analysis

Powiązane publikacje

Wyłączenie odpowiedzialności