EUR/USD picks up bids to refresh a one-week high with 1.1066 as bulls keep the reins during early Tuesday, portraying a four-day uptrend of late.
The Euro pair’s latest rebound could be linked to its successful rebound from the one-month-old ascending support line, as well as an upward-sloping trend line from the mid-March, respectively near 1.0985 and 1.0955 in that order.
However, a downward-sloping resistance line from early February 2023, close to 1.1085 at the latest, could join the nearly overbought conditions of the RSI (14) line to challenge the EUR/USD bulls past 1.1085.
Even if the quote remains firmer past 1.1085, the 1.1100 psychological magnet can prod the EUR/USD bulls before directing them to the March 2022 peak of around 1.1185.
On the contrary, EUR/USD bears may initially aim for the 1.1000 round figure before highlighting the aforementioned support lines near 1.0985 and 1.0955.
It should be noted that March’s high of around 1.0930 can act as an extra filter towards the south if at all the Euro pair drops below 1.0955 support.
Following that, the monthly low of near 1.0788 gains the market’s attention and give control to the EUR/USD bears.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.