Technicals

Add as a preferred source on Google

EUR/USD eyes 1.1005/10 on soft USD, commodity lifts help

EUR/USD at best level for NY session, eyes 1.1005/10 on soft USD Post-data lift persists as US yields & USD stay soft, commodity lifts help Intra-day resistance near 1.0980/90 (hourly highs, 200-HMA) 1.1005/10 bigger res…

1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  • EUR/USD at best level for NY session, eyes 1.1005/10 on soft USD

  • Post-data lift persists as US yields & USD stay soft, commodity lifts help

  • Intra-day resistance near 1.0980/90 (hourly highs, 200-HMA)

  • 1.1005/10 bigger resistance behind, stops likely above, if run decent squeeze due

  • Above 1.1010 eyes 1.1080 & 1.1105/10 

  • Long lower wick on daily candle is a concern for recent shorts

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560