Showing posts with label #dailyprofits. Show all posts
Showing posts with label #dailyprofits. Show all posts

Thursday, April 14, 2022

EUR/USD Price Analysis: Extra pullbacks seen below 1.080


EUR/USD fades the pre-ECB uptick to the 1.0920 zone on Thursday.

Recent lows around 1.0800 emerge as the next contention area.

In light of the ongoing price action, extra losses in the pair remain in the pipeline in the short-term horizon. Against that, a break below the so far monthly low at 1.0808 (April 14 should pave the way for a quick visit to the 2022 low at 1.0805 (March 7) before the May 2020 low at 1.0766 (May 7).


While below the 200-day SMA, today at 1.1440, the outlook for the pair is expected to remain negative. 

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