EUR/USD Value Forecast, Evaluation and Chart:
- EUR/USD unable to interrupt the 200-day transferring common.
- US information launched later at the moment might push the pair decrease.
EUR/USD Technical Outlook
EUR/USD is setting itself as much as take a look at the 1.1100 huge determine degree and the 1.1073 October 25 low print as consumers surrender on attempting to interrupt increased. The 200-day transferring common (black line on the chart) continues to thwart any upside momentum with the indicator capping EUR/USD value motion for the final 4 months. Simply above right here, sits the 1.1180 multi-week excessive which the pair rejected yesterday. EUR/USD is now buying and selling both aspect of the 20-day transferring common at 1.1118 which guards the October 25 low. Under right here the 50-day transferring common might present some help at 1.1074 earlier than the October 15 swing-low at 1.0992.
EURUSD Day by day Value Chart (February – November 5, 2019)
Later at the moment, US information might present one other stimulus for the pair….