EUR/USD: Significant near-term support seems to have formed around 1.1300 EURUSD
Year-end flows could ramp up market volatility later in the session
“On the downside, 1.1300 area, where the 100 and the 200-period SMA's on the four-hour chart are located, act as significant support. In case a four-hour candle closes below that level, additional losses toward 1.1270 could be witnessed.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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: Extends the drop towards 1.1250, as 21-DMA gives wayEUR/USD is resuming the decline below 1.1300, having met fresh supply over the last hour, as the US dollar catches a fresh bid in tandem with the Trea
Read more »
EUR/USD well supported above 1.1300 in subdued, holiday-thinned trading conditionsEUR/USD is currently trading just below highs of the week in the 1.1330 area, amid subdued, holiday-thinned trading conditions. The pair has traded wi
Read more »
EUR/USD Technical Analysis: Rebound Attempts Have StoppedThe EUR/USD has maintained its recovery from November lows below the 1.12 support but repeatedly turned away from technical resistance near the 1.1356 level.
Read more »
EUR/USD drops to lowest level for six days under 1.1300EUR/USD drops to lowest level for six days under 1.1300. The pair weakened after the beginning of the Americansession and dropped to 1.1288, reaching its lowest level for six days. During the last hour, it trimmed losses rising back above 1.1300.
Read more »
EUR/USD flirts with 1.1300 as yields drop amid sluggish markets, Omicron eyedEUR/USD flirts with 1.1300 as yields drop amid sluggish markets, Omicron eyed By anilpanchal7 EURUSD YieldCurve Coronavirus RiskAppetite Currencies
Read more »
EUR/USD Forecast: Near-term technical outlook turns bearishEURUSD has dropped below key support area early Wednesday. Technical outlook points to additional losses in the near term. Sellers could move to the sidelines if the pair reclaims 1.1300 and holds there. Forex FX Trading
Read more »