empty
 
 
cn
支持
即时开户
交易平台
入金/出金

25.10.202116:49 Forex Analysis & Reviews: EUR/USD hot forecast for 25 October, 2021

Exchange Rates 25.10.2021 analysis

EUR/USD remains on the back foot in the early American session on Monday pressured by the renewed USD strength. Despite the disappointing Chicago Fed National Activity Index data, the US Dollar Index continues to advance toward 94.00.

From a technical point of view, EUR/USD is poised to extend its slump. It has broken below the 23.6% retracement of its latest daily slump after meeting sellers around the 38.2% retracement of the same slide in the previous week. The daily chart shows that the pair is currently challenging a bearish 20 SMA, as technical indicators are gaining bearish traction, the momentum within neutral levels and the RSI currently at around 42.

In the near term, and according to the 4-hour chart, the case for a continued decline is stronger, as technical indicators head south almost vertically within negative levels, as the pair broke below a flat 20 SMA and is currently extending below an also directionless 100 SMA. A steeper decline could be expected on a break below 1.1570, with market participants then eyeing a retest of the year low at 1.1525.

Support levels: 1.1570 1.1525 1.1480

Resistance levels: 1.1615 1.1670 1.1715

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Jan Novotny,
Analytical expert of InstaSpot
© 2007-2024
立即从分析师的建议受益
充值交易账户
开设交易账户

InstaSpot分析评论将让您充分了解市场趋势! 作为InstaSpot的客户,您将获得大量的免费服务以实现有效的交易。

现在无法通话?
提出您的问题,用 在线帮助.