EUR/USD Progresses From 1.1300 Support, Presently Approaching Ceiling at 21DMA Close to 1.1350
Login

EUR/USD Progresses From 1.1300 Support, Presently Approaching Ceiling at 21DMA Close to 1.1350

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:


Following the pair rebound at support with the 1.1300 level inclusive, the 50-day MA exactly at 1.1319 and an upward movement which has been aiding value activities since ending of November 2021

The market has been moving slowly upwards. At the present, the 21DMA at 1.1346 has been ceiling the in-day profits and at the present level close to 1.1340, the market is trading around 0.3% upper on the period, having canceled losses incurred on Thursday. EUR/USD remains headed towards losing around 0.6%, majorly due to a large-base USD rebound after its location-connected sell-off during last week.

 

Events and Happenings

Primary news-movement are less weighty, with no latest useful data coming out of Europe yesterday morning and not many useful US happenings apart from the US Treasury Secretary’s speech at 1630GMT. Before that, this month’s Eurozone User self-assurance numbers were released, however are not likely to elicit EUR erratic movement.

The major subject in the forex market presently is the central bank tightening and risk-off low volatility which is dependent on increasing anticipations for the central bank tightening, especially from the Federal Reserve System. Concerning the central bank act of governance, the forex market prepares against the coming week’s Federal Reserve System meeting, market concentration is on observations from the European central bank President.

You can purchase crypto coins here:Buy coins

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News