Chat

EURUSD News

(0 votes)


Last Updated Date: 24 March 2022 @ 7:40 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar was up on Thursday morning in Asia, finding some support as commodity currencies took a breather from their recent steep rally. However, a struggling Japanese yen from a recovery in the U.S. bond market.

The US Dollar Index that tracks the greenback against a basket of other currencies edged up 0.18% to 98.79.
 

The EURUSD market is bearish with pressing selloffs signaling a breakout under 1.0960 weekly low. Sustained action under 1.0960 could open up a selling wave to 1.0900 and 1.0850. Corrective rebounds will likely struggle with the accelerating momentum of declines from the past several days. Only a close over 1.1089 (SAR) alerts for a sustained correction phase.

Resistance 2       1.1040
Resistance 1       1.1020

 
Support 1            1.0980
Support 2            1.0960


 


 

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.