Chat

EURUSD News

(0 votes)


Last Updated Date: 18 April 2022 @ 7:22 AM (UTC)
*Please note that all the dates are in GMT time zone

The euro plunged to a two-year low against the U.S. dollar on Thursday as comments from European Central Bank President Christine Lagarde were viewed as a sign that the ECB was in no rush to raise interest rates, in contrast with an aggressive monetary policy tightening effort by the U.S. Federal Reserve.

The larger short term bear trend pattern still has potential to 107.57. Trade may try to correct / 
consolidate declines, but narrow congestion with rallies blunted below 108.44 will bear flag. A close under 107.60 could resume bear trending to reach under last week’s low. A close over 108.60 reverses out of the downturn.

Resistance 2      1.0844
Resistance 1      1.0824

 
Support 1           1.0780
Support 2           1.0760




 
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.