Forex analytics and overview

EUR/USD: Pair Could Move Below The Support Level At 1.048

2022.05.11 14:37

Looking at the EUR/USD chart, we can see the spike into the 1.062 from the 1.052 range. Unable to consolidate, it fell to 1.048, where it found support. Since then, it managed to climb to the 1.06 level, but again a retraction followed to the 1.05.

It moved towards the 1.058 level during yesterday’s session, and earlier in today’s session, we saw a fall and a base formation at the 1.052 level. Today we could expect a move towards and below the 1.048 support level. If, however, it manages to hold on to the current range, then a move towards the 1.058 closest temporary resistance level.

EUR/USD: Pair Could Move Below The Support Level At 1.048EUR/USD price chart.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 96,655.90 0.47%
ethereum
Ethereum (ETH) $ 2,786.95 4.04%
xrp
XRP (XRP) $ 2.60 1.17%
tether
Tether (USDT) $ 1.00 0.02%
bnb
BNB (BNB) $ 669.11 3.71%
solana
Solana (SOL) $ 173.26 1.38%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.247232 0.57%
cardano
Cardano (ADA) $ 0.781961 1.45%
staked-ether
Lido Staked Ether (STETH) $ 2,779.49 4.42%
tron
TRON (TRX) $ 0.236139 1.25%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 96,496.85 0.14%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,327.37 4.45%
chainlink
Chainlink (LINK) $ 17.95 1.36%
avalanche-2
Avalanche (AVAX) $ 26.16 6.57%
sui
Sui (SUI) $ 3.42 1.51%
stellar
Stellar (XLM) $ 0.337976 2.62%
litecoin
Litecoin (LTC) $ 128.19 0.95%
hedera-hashgraph
Hedera (HBAR) $ 0.22035 3.74%
the-open-network
Toncoin (TON) $ 3.70 0.83%
shiba-inu
Shiba Inu (SHIB) $ 0.000016 2.03%
leo-token
LEO Token (LEO) $ 9.72 0.18%
usds
USDS (USDS) $ 1.00 0.02%
hyperliquid
Hyperliquid (HYPE) $ 24.48 1.34%
polkadot
Polkadot (DOT) $ 5.13 0.03%
weth
WETH (WETH) $ 2,787.24 4.23%
mantra-dao
MANTRA (OM) $ 7.64 1.46%
bitcoin-cash
Bitcoin Cash (BCH) $ 321.65 0.86%
bitget-token
Bitget Token (BGB) $ 4.94 4.54%
ethena-usde
Ethena USDe (USDE) $ 0.999728 0.16%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,955.27 5.06%
uniswap
Uniswap (UNI) $ 9.04 1.18%
monero
Monero (XMR) $ 235.70 3.08%
near
NEAR Protocol (NEAR) $ 3.56 5.43%
pepe
Pepe (PEPE) $ 0.00001 3.07%
whitebit
WhiteBIT Coin (WBT) $ 27.41 0.15%
aave
Aave (AAVE) $ 250.29 1.47%
bittensor
Bittensor (TAO) $ 444.96 0.88%
ondo-finance
Ondo (ONDO) $ 1.17 2.05%
aptos
Aptos (APT) $ 6.12 0.29%
internet-computer
Internet Computer (ICP) $ 7.24 2.48%
dai
Dai (DAI) $ 0.999871 0.03%
official-trump
Official Trump (TRUMP) $ 16.47 2.49%
ethereum-classic
Ethereum Classic (ETC) $ 20.74 1.44%
mantle
Mantle (MNT) $ 0.92525 5.67%
tokenize-xchange
Tokenize Xchange (TKX) $ 37.81 1.31%
okb
OKB (OKB) $ 49.40 0.94%
gatechain-token
Gate (GT) $ 23.55 3.66%
susds
sUSDS (SUSDS) $ 1.04 0.40%
sonic-3
Sonic (prev. FTM) (S) $ 0.838191 3.49%