EUR/USD remains lackluster during the Asian trading hours on Tuesday, hovering near 1.0650.
EUR/USD remains tepid around the major level amid a bearish sentiment. A breach below the 1.0600 level may lead the pair toward November’s low at 1.0517. The nine-day EMA at 1.0675 appears as the immediate barrier. From a technical perspective, analysis suggests a bearish sentiment for the pair as it struggles below the pullback resistance at the 1.0695 level. The 14-day Relative Strength Index also remains below the 50 mark.
On the upside, the immediate barrier for the EUR/USD pair could be the nine-day Exponential Moving Average at 1.0675. A breakthrough above this level could lead the pair to reach the 1.0695 level, aligning with the 23.6% Fibonacci retracement level drawn between 1.0981 and 1.0606. Further resistance aligns with the psychological level of 1.0700. A breakthrough above this region could potentially strengthen the recovery sentiment for the pair.
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: The initial support level is seen at the 1.0800 markThe EUR/USD pair trades on a stronger note below the mid-1.0800s during the early European session on Monday.
Read more »
EUR/USD Price Analysis: The key contention level is seen at the 1.0600–1.0605 regionThe EUR/USD pair posts modest gains around 1.0625 after bouncing off the fresh yearly low of 1.0600 on Wednesday during the early European trading hours.
Read more »
EUR/USD Price Analysis: Holds above psychological level of 1.0600 amid a bearish sentimentEUR/USD continues its losing streak for the sixth successive session on Tuesday, hovering near 1.0620 during the Asian trading hours.
Read more »
EUR/USD Price Analysis: The key support level is seen around 1.0730, oversold RSI condition eyedThe EUR/USD pair loses traction around 1.0745 on Thursday during the early European session.
Read more »
EUR/USD Price Analysis: The next contention level is seen at 1.0720, oversold RSI condition eyedThe EUR/USD pair extends its downside to 1.0730, the weekly low during the early European session on Tuesday.
Read more »
EUR/USD Price Analysis: Maintains position below the psychological level of 1.0800EUR/USD pares intraday gains, trading higher around 1.0780 during the Asian session on Monday.
Read more »