Open account Log in

EUR/USD is at the key support

Read the article on FBS website

Trade ideas

BUY 1.1335; TP1 1.1360; TP2 1.14; SL 1.1320

SELL 1.1300; TP1 1.1270; TP2 1.1230; SL 1.1315

EUR/USD is still supported by the 200-week MA at 1.1310. The pair came to the support line connecting November lows for the third time. There’s an opportunity that the line will provide support for the third time and the euro once again tests the resistance line.

At the same time, daily candlesticks are big and bearish and have longer upper wicks. The selling pressure may intensify and finally pull the pair below the support. The previous lows will be targets in this case.

EURUSD.png

FBS Analyst Team

Share with friends:

Similar

Latest news

Instant opening

The website is operated by FBS Markets Inc.; Registration No. 000001317; FBS Markets Inc. is registered by the Financial Services Commission under the Securities Industry Act 2021, license number 000102/6. Office Address: 9725, Fabers Road Extension, Unit 1, Belize City, Belize.

FBS Markets Inc. does not offer financial services to residents of certain jurisdictions, including, but not limited to: the USA, the EU, the UK, Israel, the Islamic Republic of Iran, Myanmar.


Payment transactions are managed by НDС Technologies Ltd.; Registration No. HE 370778; Legal address: Arch. Makariou III & Vyronos, P. Lordos Center, Block B, Office 203, Limassol, Cyprus. Additional address: Office 267, Irene Court, Corner Rigenas and 28th October street, Agia Triada, 3035, Limassol, Cyprus.


Contact number: +357 22 010970; additional number: +501 611 0594.

For cooperation, please contact us via support@fbs.com.


Risk warning: Before you start trading, you should completely understand the risks involved with the currency market and trading on margin, and you should be aware of your level of experience.

Any copying, reproduction, republication, as well as on the Internet resources of any materials from this website is possible only upon written permission.

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.