Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: EURUSD Daily outlook

Ichimoku Analysis (1-hour chart)

 

Tenken-Sen- 1.09393

 

Kijun-Sen- 1.09363

 

EURUSD hits day's low after a minor jump till 1.09643. The overall trend is still weak as long as resistance 1.1040 holds. The spread of coronavirus is nearing 1 million with more than 1 lakh in Italy, Spain and crossed 2lakh in the U.S.This has increased demand for safe-haven assets like the US dollar.

 

Technically, immediate support is at 1.09000 and any violation below will drag the pair down till 1.08600/1.0835/1.0800.

 

On the higher side, near term resistance is around 1.0965 (200- H EMA) and indicative break above targets 1.100/1.1040.

 

It is good to sell on rallies around 1.0965-68 with SL around 1.100 for the TP of 1.0880.

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.