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Reading: Additional losses seemingly under 1.0804
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CryptoCompass > Blog > Forex > Additional losses seemingly under 1.0804
Forex

Additional losses seemingly under 1.0804

Staff
Last updated: 2023/03/16 at 5:07 AM
By Staff 2 weeks ago
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1 Min Read
Further losses likely below 1.0804


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  • EUR/USD picks up some shopping for curiosity and retakes 1.0600.
  • The weekly low simply above 1.0800 caps the upside up to now.

EUR/USD manages to generate some upside traction and reclaims the world above the 1.0600 hurdle forward of the ECB on Thursday.

Occasional bullish makes an attempt, within the meantime, ought to clear the weekly excessive at 1.0804 (February 14) to permit for the continuation of the uptrend within the quick time period

Looking on the longer run, the constructive view stays unchanged whereas above the 200-day SMA, right this moment at 1.0323.

EUR/USD each day chart

 

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