EUR/USD Price Analysis: Maintains position near 1.0570 ahead of Eurozone CPI
18.10.2023, 04:22

EUR/USD Price Analysis: Maintains position near 1.0570 ahead of Eurozone CPI

  • EUR/USD trades above the major support at 1.0550 ahead of the Eurozone CPI.
  • MACD indicated a shift in momentum towards a bullish trend.
  • 21-day EMA emerges as the immediate resistance, followed by the 1.0600 psychological level.

EUR/USD trades lower around the 1.0570 level aligned with the major support at the 1.0550 level, during the Asian session on Wednesday. Investors await the final reading of the Eurozone Harmonized Index of Consumer Prices for September, which is expected to remain consistent.

The weekly low at 1.0508 may serve as key support, aligned with the psychological level of 1.0500.

On the upside, the 21-day Exponential Moving Average (EMA) at 1.0588 stands out as immediate resistance. A breakthrough above this level could propel the EUR/USD pair towards the 1.0600 major level, followed by the 23.6% Fibonacci retracement at the 1.0628 level.

The Moving Average Convergence Divergence (MACD) line is positioned below the centerline, indicating that the short-term average is below the long-term average. However, a notable development is observed as the line diverges above the signal line, suggesting a potential shift in momentum toward a bullish trend.

However, the EUR/USD pair maintains a prevailing bearish momentum, underscored by a weaker bias evident in the 14-day Relative Strength Index (RSI) holding below the 50 level.

EUR/USD: Daily Chart

 

© 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