EUR/USD triggers a corrective slope.

EUR/USD

EUR/USD triggers a corrective slope after reaching multi-session highs around 1.0050 on Tuesday.

EUR/USD seems to have embarked on a consolidative range ahead of the important FOMC event on Wednesday.

The interim 55-day SMA at 1.0097 followed the upside ahead of the key 7-month resistance line, nearing 1.0150 today.

A drive beyond the latter is needed to reduce the depreciation pressure and permit the spot to confront the September high at 1.0197 ahead of potential extra gains.

The EUR/USD bearish view should triumph after a while as long as it trades below the 200-day SMA at 1.0716.

This Post Has One Comment

  1. 20bet

    Your article gave me a lot of inspiration, I hope you can explain your point of view in more detail, because I have some doubts, thank you.

Leave a Reply

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us

Disclaimer

Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.