EUR/USD is ranging above mid-1.1500s, consolidating the recovery from yearly lows. EUR/USD Price Analysis: Recovery needs acceptance above 21-DMA 1.1590, If that is cleared on a sustained basis, then the EUR buyers will look to take out the previous week’s highs at 1.1616.
Further up, the downward-sloping 50-DMA barrier at 1.1669 will be next on the bulls’ radars.
Supports could be seen at 1.1530 (static level) ahead of 1.1500 (psychological level) and 1.1440 (previous resistance, static level).
Further up, the downward-sloping 50-DMA barrier at 1.1669 will be next on the bulls’ radars.
Supports could be seen at 1.1530 (static level) ahead of 1.1500 (psychological level) and 1.1440 (previous resistance, static level).