Digital Coin News

EUR/USD Price Analysis: Remains below 1.0750 after breaking below the rectangle formation

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 25 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

EURUSD News

Technical Analysis,Majors

EUR/USD extends its losses for the second consecutive day, trading around 1.0730 during the Asian session on Friday.

The EUR/USD pair could test a level of 1.0700 following the throwback support level of 1.0601. Technical analysis of the daily chart suggests a bearish bias for the pair. The immediate barrier appears at the lower boundary of the rectangle formation around the 50-day EMA at 1.0802. A technical analysis of a daily chart suggests a bearish bias for the pair, as it struggles below the lower threshold of a rectangle formation.

A return to the rectangle formation could weaken the bearish bias and reinforce the pair to explore the psychological level of 1.0900, aligned with the upper boundary of the rectangle formation around the level of 1.0905. A breakthrough above the latter could support the pair to explore the region around March’s high of 1.0981. EUR/USD: Daily Chart EUR/USD Overview Today last price 1.0736 Today Daily Change -0.0001 Today Daily Change % -0.01 Today daily open 1.0737 Trends Daily SMA20 1.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in ERROR

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EUR/USD Price Analysis: Rises to 1.0850; next barrier at upper boundary of triangleEUR/USD extends its gains for the third straight day, trading around 1.0850 during the Asian session on Monday.
Source: FXStreetNews - 🏆 14. / 72 Read more »

EUR/USD Price Analysis: The first upside target emerges above 1.0850The EUR/USD pair weakends to 1.0820 during the early European trading hours on Friday.
Source: FXStreetNews - 🏆 14. / 72 Read more »