The EUR/USD pair extended its losses on Tuesday, retreating to 1.0525 and slipping slightly below the 20-day Simple Moving Average (SMA).
EUR/USD declines by 0.33% on Tuesday, settling at 1.0525 after falling below the 20-day SMA. RSI drops sharply to 40, remaining in the negative area, signaling weakening momentum.
histogram prints decreasing green bars, highlighting fading bullish traction. The EUR/USD pair extended its losses on Tuesday, retreating to 1.0525 and slipping slightly below the 20-day Simple Moving Average . This development undermines the pair's short-term constructive outlook, raising concerns about further downside risks if the 20-day SMA is definitively breached. Technical indicators point to a deteriorating momentum.
Majors Currencies Technical Analysis
United States Latest News, United States 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: Pair rises to 1.0585 after bouncing from 20-day SMAThe EUR/USD pair is showing mild gains on Monday, climbing to 1.0585 after finding support at the 20-day Simple Moving Average (SMA).
Read more »
EUR/USD Price Forecast: The break of 1.0600 questionable as the price drifts awayEUR/USD retreated from weekly highs of 1.0600 on Thursday due to thin liquidity conditions as US markets remain closed for Thanksgiving.
Read more »
NZD/USD Price Analysis: Pair conquers 20-day SMA, but 100-day SMA crossover raises concernsThe NZD/USD pair surged by 0.61% on Friday's session, continuing the recovery from last week's lows and reaching 0.5930.
Read more »
EUR/USD Price Analysis: Pair sees more gains and rises to 1.0530The EUR/USD pair found support around the psychological 1.0500 level after opening the week with a sharp decline of over 1% and tallies a two-day winning streak.
Read more »
EUR/USD Price Forecast: Political turmoil and central banks’ leaders take centre stageThe EUR/USD pair struggles around the 1.0500 mark on Wednesday as the US Dollar (USD) regained its strength, partially backed by risk aversion.
Read more »
EUR/USD Price Forecast: Wait-and-see continues ahead of key US employment dataThe EUR/USD pair trades with a better tone on Thursday, hovering in the 1.0530 price zone after bottoming at 1.0470 on Wednesday.
Read more »