CFD News

EUR/USD: Correction to extend on failure to hold above 1.1400

looking down on "Stay alert " computer button and dollar bills

EUR/USD is shifting sideways in a slender band above 1.1400. According to FXStreet’s Eren Sengezer, the correction may want to lengthen with a drop beneath 1.1400.

Initial resistance considered at 1.1430
“The first help aligns at 1.1400 (ascending style line, psychological level). In case a four-hour candle closes beneath that level, the correction ought to prolong towards 1.1380 (static level) and 1.1350 (100-period SMA).”

“Resistances are placed at 1.1430 (20-period SMA), 1.1450 (static level) and 1.1480 (two-month excessive set remaining week).”

Related posts
CFD News

EUR/USD Price Analysis: 2021 low of 1.1524 appears at risk, eyes on NFP

EUR/USD retailers bide time earlier than the subsequent downswing kicks in. Daily horizontal guide…
Read more
CFD News

USD/INR Price Analysis: Bulls eye a 61.8% golden ratio target

USD/INR bears are taking manage and are shifting into each day support. USD/INR should be in for a…
Read more
CFD News

Japan’s Top FX Diplomat Kanda: Sharp one-sided currency moves cannot be tolerated

Japan’s pinnacle forex diplomat Masato Kanda warned on Thursday, sharp one-sided foreign money…
Read more
Become a Trendsetter
Sign up for Davenport’s Daily Digest and get the best of Davenport, tailored for you.

Leave a Reply

Your email address will not be published. Required fields are marked *