EUR/USD Price Analysis: Bulls take a breather below 1.1120 key hurdle
17.03.2022, 22:50

EUR/USD Price Analysis: Bulls take a breather below 1.1120 key hurdle

  • EUR/USD retreats from a two-week top, pauses four-day winning streak.
  • Bullish MACD, firmer RSI keep buyers hopeful to overcome immediate resistance.
  • 50-DMA adds to the upside filters, short-term support line restricts bear’s entry.

EUR/USD dribbles around 1.1090-95 during a sluggish early Asian session on Friday, after rising for the last four days to poke the highest levels since March 02.

The major currency pair’s latest moves are challenged by the 21-DMA level of 1.1100. However, major attention is given to the horizontal line comprising multiple levels marked since late January and a five-week-old descending resistance line, around 1.1120.

Given the firmer MACD and ascending RSI line, not overbought, EUR/USD prices are likely to cross the aforementioned key hurdles.

Following that, the pair buyers may aim for the 50-DMA level of 1.1241 before the mid-February lows near 1.1280 challenge the further upside.

On the flip side, the EUR/USD pair’s fresh downside may initially aim for the 1.1000 threshold before challenging an upward sloping support line from March 07, close to 1.0985 at the latest.

It should be noted, however, that a daily closing below 1.0985 will allow EUR/USD prices to revisit the 1.0900 round figure ahead of directing the bears towards the multi-month low marked earlier March near 1.0800.

EUR/USD: Daily chart

Trend: Further recovery expected

 

© 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