EUR/USD short-term technical analysis
The EUR/USD is trading at 1.0930 price, and still has room to extend its advance to the Daily Supply zone (1.11087 – 1.12365), according to intraday charts. The 4-hour chart shows that the pair is comfortable well above all its moving averages, with the 20 EMA.
The risk could turn to the downside on a break below 1.0900, and especially if the market’s sentiment continues to deteriorate, back to the Daily Demand zone (1.08238 – 1.07279)
The EUR/USD is trading at 1.0930 price, and still has room to extend its advance to the Daily Supply zone (1.11087 – 1.12365), according to intraday charts. The 4-hour chart shows that the pair is comfortable well above all its moving averages, with the 20 EMA.
The risk could turn to the downside on a break below 1.0900, and especially if the market’s sentiment continues to deteriorate, back to the Daily Demand zone (1.08238 – 1.07279)