EUR/USD Price Analysis: Euro bears appear running out of steam around mid-1.0800s
16.05.2023, 23:07

EUR/USD Price Analysis: Euro bears appear running out of steam around mid-1.0800s

  • EUR/USD stays pressured towards monthly low after breaking immediate bullish channel formation.
  • Nearly oversold RSI, multiple supports near 1.0845-35 challenge Euro sellers.
  • Downbeat MACD signals, jungle of resistances keep EUR/USD bears hopeful.

EUR/USD holds lower grounds near 1.0860 amid the early hours of Wednesday’s Asian session, after reversing the week-start rebound on Tuesday.

In doing so, the Euro pair justifies the previous day’s downside break of a weekly bullish channel, as well as the bearish MACD signals, amid a nearly oversold RSI (14) line.

Apart from the RSI (14) line that suggests limited room for the Euro pair towards the south, multiple lows marked since April 10 around 1.0837-45 also challenge the EUR/USD bears.

Hence, the pair sellers may retreat after hitting the aforementioned immediate support, maybe around that, failing to do so won’t hesitate to challenge the previous monthly low of around 1.0785. That said, the 1.0800 round figure may act as an intermediate halt during the likely fall.

On the contrary, the stated channel’s bottom line, near 1.0885 by the press time, guards the immediate recovery of the EUR/USD pair.

Following that, the 100-Hour Moving Average (HMA) and a fortnight-old descending trend line, respectively near 1.0900 and 1.0925, may prod the Euro pair buyers.

It’s worth noting that a horizontal area comprising multiple levels marked since May 02 and the 200-HMA, close to 1.0935-45 and 1.0950 in that order, appear as the last defense of the EUR/USD bears.

EUR/USD: Hourly chart

Trend: Limited downside 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