EUR USD Technical Analysis
Up to now, the 10 EMA has been exceeded and the 50 EMA has been started as a result. EUR / USD is currently quoted directly at the 50 EMA and was out of the day before with a long white candletradewent. So far, upward corrections in the EUR / USD in the extension have often expired at the 50 EMA. If the bulls make a breakthrough to the top, another run-up to the 200 EMA could be expected. Only above the 200 EMA would the situation for EUR / USD brighten again in the long term and a further upward movement would be likely. In this case, a run-up to the USD 1.190 resistance would be expected.
Outlook: The downward trend in EUR / USD is clearly intact,
EUR / USD is currently only in an upward correction.
The short scenarios: EUR / USD cannot sustainably overcome
the 50 EMA and bounce off again here. As a result, as before, a return to the
10 EMA would be expected, which is a common correction zone in upward
movements. If EUR / USD slid down here on a sustained basis, the situation
would continue to deteriorate and a return to the low at USD 1.152 could be
expected. This development low could then be fallen below following the
downtrend and the area around USD 1.150 could be started.
