EURUSD Price Analysis: Further upside beyond parity hinges on 100-DMA breakout
08.11.2022, 00:26

EURUSD Price Analysis: Further upside beyond parity hinges on 100-DMA breakout

  • EURUSD seesaws around a one-week high as bulls brace for another battle with the 100-DMA hurdle.
  • Oscillators favor further upside momentum, sustained break of 50-DMA also favor buyers.
  • Rejection of the bullish channel becomes necessary for bears to retake control.

EURUSD buyers take a warm-up break as they approach the key hurdle above 1.0000 after the two-day uptrend, sidelined near 1.0020 during Tuesday’s Asian session.

Even so, the major currency pair’s successful run-up beyond the 50-DMA joins bullish MACD signals and firmer RSI (14), not overbought, to keep the pair buyers hopeful.

That said, the quote’s further upside hinges on a clear break of the 100-DMA hurdle surrounding 1.0045. Also acting as an upside filter is the previous monthly peak near 1.0100.

It’s worth noting that the upper line of a six-week-old ascending trend channel, near 1.0140 at the latest, could also challenge the EURUSD bulls.

Meanwhile, the quote’s downside remains limited as the 50-DMA appears strong support for the bears to crack near 0.9880.

Following that, the stated channel’s lower line, close to 0.9755, could gain the market’s attention as a downside break of the same won’t hesitate to refresh the yearly low, currently around 0.9535.

To sum up, EURUSD is likely to remain firmer but the road to the north is long and bumpy.

EURUSD: Daily chart

Trend: Further upside 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