The single currency registered quite volatile start of the week on Monday. In the early hours the bulls prevailed and thus the pair reached peak for the day at 1.0945. Subsequently, however, the dollar prevailed and ultimately crossed the finish line at 1.0830. Meanwhile, the first support at 1.0795 was pierced after the currency hit bottom for the day at 1.0781. If expectations for the continuation of the negative trend justify, EUR/USD will test key level at 1.0762.
I was watching for the change over usually around 3.45 when traders in the European session close out of positions, this morning selling off,which usually reverses at London close,missed the entry at 710.
The single currency recorded a new drop against the dollar on Tuesday. Euro justified the negative expectations and thus plunged against the dollar for the third consecutive session. Consequently the support at 1.0795 was overcome as the pair scored bottom for the day at 1.0710. If bearish sentiment continue in the future, currencies will test key level at 1.0690. Trading on Tuesday started at a price of 1.0829. The trend was mostly bearish and the finish line was crossed at a rate of 1.0747.
On yesterday session the EURUSD fell with a high range and closed in the red, near the low of the day, in addition managed to close below previous day low, suggesting a continuation of the strong bearish momentum.
The pair closed for the first time below 50-day moving average that is now acting as a dynamic resistance.
The key levels to watch are: the 10-day moving average at 1.08768 (resistance), the 1.0819 (resistance), the 50-day moving average at 1.0800 (resistance), a Fibonacci extension at 1.0703 (support) and a daily support at 1.0622.
고위험 경고: 외환 거래는 모든 투자자에게 적합하지 않을 수 있는 높은 수준의 위험을 수반합니다.
레버리지는 추가적인 위험 및 손실 노출을 만듭니다. 외환 거래를 결정하기 전에 투자 목표, 경험 수준 및 위험 허용 오차를 신중하게 고려하십시오.
초기 투자의 일부 또는 전부를 잃을 수 있습니다. 잃을 여유가 없는 돈을 투자하지 마십시오. 외환 거래와 관련된 위험에 대해 스스로 교육하고 궁금한 점이 있으면 독립 금융 또는 세무사에게 조언을 구하십시오.
모든 데이터 및 정보는 정보 제공 목적으로만 있는 그대로 제공되며 거래 목적이나 조언을 위한 것이 아닙니다.
과거의 성과는 미래의 결과를 나타내는 것이 아닙니다.