Forex analytics and overview
EUR/USD: Pair Could Move Lower
2022.04.08 12:36
Looking at EUR/USD chart, we can see the breakdown from the 1.1075 range on Apr. 2, falling initially in the 1.0975 but unable to consolidate it fell further below, in the 1.09 range where it has been trading around for the past few days.
It has found support at the 1.085 level, and the closest resistance level is at 1.093. It was last found trading at the 1.0866 range. Today we can expect an extension of the short-term trend, leading to another breakdown below the 1.085 closest support level.
However, if it manages to consolidate at the current level, then a move close to the 1.09 range can be expected.
EUR/USD price chart.
