OctaFX | OctaFX Forex Broker
Open trading account

EUR/USD Price Analysis: Above the 200-day SMA targets 1.1200 and beyond

  • EUR/USD is looking to break above the 1.1140 region on a sustainable note.
  • The pair’s outlook stays constructive above the 55-day SMA at 1.1094.

EUR/USD is facing a strong resistance in the 1.1140 region, where sits the key 200-day SMA and recent peaks.

If the pair clears this region on a convincing fashion, then the Fibo retracement at 1.1186 should emerge as an interim hurdle ahead of the more relevant 1.1200 neighbourhood and above.

In case sellers return to the market, then the 55-day SMA in the 1.1090 region should offer solid contention. Below it, the downside pressure should be reinstated.

EUR/USD daily chart


AUD/USD rebounds toward 0.6900 as focus shifts to US-China phase-one deal details

The AUD/USD pair edged lower in the early trading hours of the European session and touched its worst level in five days at 0.6883. However, with the
Read more Previous

USD/JPY keeps targeting the 110.70 area – UOB

USD/JPY still appears well posed to advance to the 110.65/70 band in the next weeks, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “
Read more Next
Start livechat