Home EUR/USD Price Analysis: Euro bounces and challenges 1.0900 figure
FXStreet News

EUR/USD Price Analysis: Euro bounces and challenges 1.0900 figure

FX Street
Updated:
  • EUR/USD is rebounding from the April’s lows while challenging the 1.0900 figure.
  • The correction up can extend towards 1.0970 and 1.1044 price levels. 
 

EUR/USD daily chart 

 
EUR/USD is rebounding from the 1.0800 figure while trading below its main DMA (daily simple moving average) as DXY (US dollar index) is losing steam this Tuesday.
 

EUR/USD four-hour chart

 
EUR/USD is challenging the 1.0920 resistance near the 50/100 SMAs on the four-hour chart as the spot is rebounding from the April’s lows. A break above the above-mentioned level could lead to further advances towards the 1.0970 and 1.1044 price levels while support can be expected near the 1.0885, 1.0839 and 1.0800 levels. 
 
  
Resistance: 1.0920, 1.0970, 1.1044
Support: 1.0885, 1.0839, 1.0800
 
 

Additional key levels

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision.  The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers. This website is free for you to use but we may receive a commission from the companies we feature on this site.

© forexcrunch.com All Rights Reserved 2017 – 2024