Chat

EURUSD News

(0 votes)


Last Updated Date: 14 February 2022 @ 7:29 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Monday morning in Asia, but losses were minimal as safe-haven currencies held gains and riskier ones struggled to hold onto them. Investors also remained concerned about potential conflict in Eastern Europe, alongside soaring inflation.

Overall the EURUSD market is bearish with a downside breakout likely sending trade to attack a 1.1290 weekly low, when broken 1.1228. Current corrective rebounds trapped by 1.1396 will maintain bear forces. However, a punch over last week’s high alerts for a possible flip to bottoming trade.  A close over 1.1430 confirms the start of a reversing upturn.

Resistance 2       1.1377
Resistance 1       1.1357

 
Support 1            1.1311
Support 2            1.1290




 
Chart

EURUSD Live Price


sell
buy
Daily price range:
Low
High



RISK WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Whilst leverage enables traders to magnify their profits on successful trades, it is possible to sustain significant losses,around 78% of retail investor accounts lose money when trading CFDs.