EUR/USD Price Analysis: Room for further downside

EUR/USD is prolonging the leg lower after failing ahead of 1.15 (Monday).
A potential move to the 200-day at 1.1100 emerges on the horizon.

EUR/USD remains on the defensive so far this week and is now approaching the key support at 1.1200 the figure.

The continuation of the selling mood should put 1.1200 back on the radar ahead of a potential move lower to the critical 200-day SMA in the 1.1100 neighbourhood.

Looking at the broader picture, the outlook on the spot stays bullish while above the 55-day SMA, today at 1.1057.

EUR/USD daily chart

Mar 12, 2020

Russia: RUB is facing a double shock – Nordea

The Russian economic policy framework focusing on stability and pursued since the crisis of 2014 is being put to the test by the current extreme oil m

Đọc thêm Previous

Mar 12, 2020

EUR/GBP Price Analysis: Inches closer to 5-month tops, comfortable above 0.8800 mark ahead of ECB

The EUR/GBP cross traded with a mild positive bias for the fourth consecutive session on Thursday, albeit continued with its struggle to find acceptan

Đọc thêm Next