Chat

EURUSD News

(0 votes)


Last Updated Date: 24 May 2022 @ 7:54 AM (UTC)
*Please note that all the dates are in GMT time zone

The dollar fell again in morning trade in Europe after European Central Bank President Christine Lagarde chose not to rule out a 50 basis point interest rate hike at the bank's July meeting.
The safe-haven asset clawed back some of its overnight losses, and the yen also strengthened, as U.S. stock futures fell following a profit warning from Snapchat.


The EURUSD market is up with the steady strong push into new highs keeping trade positioned for rallies. The weekly chart implies pressing bull moves to 1.0815. Any corrective dips should only last 1-2 days to maintain the momentum of the drive and suspect support within last week’s congestion. A close under 1.0533 (SAR) is needed to alert for a short term top.

Resistance 2      1.0777
Resistance 1      1.0751

 
Support 1           1.0711
Support 2           1.0690




 
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.