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.

The long scenarios: EUR / USD could rise sustainably
above the 50 EMA and set course for the resistance at USD 1.175. Above that, a
run-up to the 200 EMA at currently USD 1.181 would be expected. If it goes
above the 200 EMA, the situation would improve in the long term and a further
rise to the resistance at USD 1.190 would be probable for the time being.