EUR/USD Price Analysis: Seesaws near 16-month low on the way to 1.1000
25.11.2021, 23:52

EUR/USD Price Analysis: Seesaws near 16-month low on the way to 1.1000

  • EUR/USD bears take a breather after refreshing multi-day low.
  • Clear break of the key Fibonacci retracement support hints at further downside.
  • Late June 2020 low offers immediate support ahead of 78.6% Fibonacci retracement level.
  • 1.1500, 200-week SMA adds to the upside filters.

EUR/USD picks up bids to refresh intraday high around 1.1215 during the initial Asian session on Friday. The major currency pair dropped to the fresh low since July 2020 before consolidating on Thursday.

The corrective pullback, however, remains below the 61.8% Fibonacci retracement (Fibo.) of March 2020 to January 2021 upside, which in turn suggests the pair’s further declines.

In addition to the stated key Fibonacci retracement level around 1.1295, a convergence of the 50% Fibo. and March 2020 high near 1.1500, as well as the 200-week SMA level of 1.1552, also challenge the EUR/USD buyers.

On the contrary, lows marked during the late June 2020, surrounding 1.1170, question the sellers before the re-entry.

Following that the 1.1100 round figure may act as a buffer during the south-run towards 78.6% Fibonacci retracement near 1.1000 round figure.

To sum up, EUR/USD bears keep reins until witnessing a weekly closing beyond 1.1552.

EUR/USD: Weekly chart

Trend: Bearish

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik