EUR/USD bears attack 1.1400 in a three-day downtrend amid strong yields.
Although failures to cross the 100-day EMA surrounding 1.1480 restricts the short-term upside of the EUR/USD prices, the 50-day EMA level of 1.1380 limits the pair’s immediate downside.
=> The break of 1.1380 zone will create more momentum for the sellers to continue pushing the EU towards the 1.1350 and 1.1300 support zones.
=> On the contrary, if the buyers want to return to hold the market, the bullish break through the 1.1480 zone is the key factor.
Although failures to cross the 100-day EMA surrounding 1.1480 restricts the short-term upside of the EUR/USD prices, the 50-day EMA level of 1.1380 limits the pair’s immediate downside.
=> The break of 1.1380 zone will create more momentum for the sellers to continue pushing the EU towards the 1.1350 and 1.1300 support zones.
=> On the contrary, if the buyers want to return to hold the market, the bullish break through the 1.1480 zone is the key factor.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.