EURUSD: Having rejected lower prices to close flat on Monday, EURUSD corrective recovery risk is now expected. This is coming on the back of the pair’s past week losses. We expect a recovery higher to build up in the days ahead. On the downside, support lies at the 1.0600 level where a violation will aim at the 1.0550 level. A break of here will aim at the 1.0500 level with a turn below that level targeting the 1.0450 level. Conversely, resistance comes at 1.0700 level with a cut through here opening the door for more upside towards the 1.0750 level. Further up, resistance lies at the 1.0800 level where a break will expose the 1.0850 level. All in all, EURUSD corrective recovery risk remains while it trades above the 1.0598/19 zone
Top Finance
Search
New Posts
All Of The Grants Given By The U.S. CHIPS Act All of the Grants Given by the U.S. CHIPS Act Data and Company Highlights
Financial Assets And Inflation Inflation-Linked Bonds Commodities Gold Bonds Equities Concluding Remarks
Add Economic Moats To Your Stock Analysis Protection offered by economic moats
Microsoft Adds AI-Powered Capabilities To Predict Emissions Impact Of Actions To Sustainability Platform
Three New Dividend Growth Companies For A Retirement Nest Egg The Value of Dividends Three Dividend Growth Stocks That Can Help Fund Your Nest Egg
Leave A Comment