Market news
17.05.2022, 13:23

EUR/USD Price Analysis: Next resistance comes at 1.0641

  • EUR/USD keeps pushing higher and retakes 1.0500 and above.
  • Immediately to the upside is now the weekly high at 1.0641.

EUR/USD picks up further pace and trespasses the key barrier at 1.0500 the figure on Tuesday.

Considering the pair’s ongoing price action, the continuation of the rebound appears likely in the very near term at least. Against that, the next hurdle emerges at the weekly high at 1.0641 (May 5) ahead of the temporary 55-day SMA, today at 1.0819.

Below the 3-month line around 1.0880, the pair is expected to remain under pressure and vulnerable to extra losses.

EUR/USD daily chart


© 2000-2022. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at

Live Chat E-mail
Choose your language / location