EUR/USD Price Analysis: Rebounds ahead of German data, holds above 1.0900
18.12.2023, 05:01

EUR/USD Price Analysis: Rebounds ahead of German data, holds above 1.0900

  • EUR/USD recovers its recent losses on prevailing upward movement.
  • Technical indicators suggest positive sentiment to revisit the psychological resistance at the 1.1000 level and the two-month high at 1.1017.
  • The break below 1.0900 could push the pair to meet the 23.6% Fibo at 1.0884 and seven-day EMA at 1.0881.

EUR/USD retraces its recent losses ahead of German data scheduled to be released on Monday. The EUR/USD pair trades higher around 1.0910 during the Asian session.

The technical indicators for the EUR/USD pair favor the prevailing upward movement. With the 14-day Relative Strength Index (RSI) staying above the 50 mark, there's a positive sentiment suggesting a potential re-testing of the psychological resistance at the 1.1000 level followed by the two-month high at 1.1017.

Additionally, the Moving Average Convergence Divergence (MACD) suggests the overall positive momentum as the MACD line is positioned above the centerline and the signal line. This shows a potential for an upward trend, which could influence the EUR/USD pair to break above the barrier to explore the major level at 1.1050.

On the downside, the psychological level at 1.0900 appears as the key support followed by the 23.6% Fibonacci retracement level at 1.0884 and the seven-day Exponential Moving Average (EMA) at 1.0881.

A firm break below the support region could put pressure on the bears of the EUR/USD pair to navigate the psychological area around 38.2% Fibonacci retracement at 1.0801.

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