- Analytics
- News and Tools
- Market News
- EUR/USD Price Analysis: 1.0950 guards 1.1000 and 1.1100
EUR/USD Price Analysis: 1.0950 guards 1.1000 and 1.1100
- EUR/USD bulls move into a key area of potential weekly resistance.
- Bears need to show up at this juncture for prospects of a move into the 1.0820s or face pressures to and above 1.1000.
EUR/USD moved to a five-week high on Thursday on the back of the European Central Bank increasing rates for the eighth straight time and signalled further tightening to bring eurozone inflation to its medium-term target of 2%.
At 3.5%, rates are the highest in 22 years and the ECB's inflation projection for this year was raised to 5.1% from 4.6%. Consequently, the price has moved into what could be regarded as a resistance area from trendline support. The following illustrates, however, prospects of a move through 1.1000 and into the tops of where the weekly M-formation shorts were established in the lows 1.1100s:
EUR/USD weekly charts
A move lower from here, however, opens risk to the 1.0820s as follows:
EUR/USD daily chart
The 1.0820s align with the 61.8% Fibonacci and prior resistance structure as illustrated above.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
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.
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 teletrade.org. 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 pr@teletrade.global.
Bank transfers
