EUR/USD Price Analysis: Run-up remains doubtful below 1.0480 hurdle
30.11.2022, 05:52

EUR/USD Price Analysis: Run-up remains doubtful below 1.0480 hurdle

  • EUR/USD prints the first daily gains in four, stays inside short-term trading range.
  • Bearish MACD signals, steady RSI keep sellers hopeful.
  • 100-SMA, 200-SMA defend buyers before the monthly low.
  • Bulls can aim for late June swing high on crossing 1.0480 resistance confluence.

EUR/USD returns to the buyer’s radar while picking up bids near 1.0350 during early Wednesday morning in Europe. That said, the major currency pair dropped during the last three consecutive days before bouncing off 1.0319 late Tuesday.

The pair’s latest recovery, however, remains inside a three-week-old trading range between 1.0225 and 1.0480. Even so, the 1.0400 round figure appears to lure intraday buyers of late.

It’s worth noting that the bearish MACD signals and convergence of the previous support line from November 03, as well as the stated range’s upper end, near 1.0480, challenges EUR/USD pair’s latest upside.

In a case where the EUR/USD bulls manage to keep the reins past 1.0480, tops marked in late June surrounding 1.0615 should gain the market’s attention.

Alternatively, the 100-SMA level of 1.0300 restricts the immediate downside of the pair ahead of the 1.0225 range support.

Following that, the 200-SMA and the mid-November swing low, respectively near 1.0090 and 0.9935 could probe the EUR/USD bears before directing them to the monthly low of 0.9730.

EUR/USD: Four-hour chart

Trend: Limited upside expected

 

© 2000-2024. 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