EUR/USD Near 1.10300 USD Support, Short-Term Upside Potential
The H3 chart of EUR/USD shows the price approaching a crucial support level around 1.10300 USD, a zone that has held firm previously and may trigger an upward move if unbroken.
The 20 SMA is currently exerting downward pressure, but if the support holds, a short-term recovery is possible.
The price is also trading near the lower Bollinger Band, indicating the potential for a bounce from this support level.
Traders might consider buying near the 1.10300 USD support if clear reversal signals emerge.
Market sentiment for EUR/USD is still influenced by economic and political factors from both the Eurozone and the U.S.
The 20 SMA is currently exerting downward pressure, but if the support holds, a short-term recovery is possible.
The price is also trading near the lower Bollinger Band, indicating the potential for a bounce from this support level.
Traders might consider buying near the 1.10300 USD support if clear reversal signals emerge.
Market sentiment for EUR/USD is still influenced by economic and political factors from both the Eurozone and the U.S.
Transaction en cours
As of September 4, 2024, EUR/USD is under bearish pressure, with a likely drop below 1.1010, targeting 1.0950. Technical indicators suggest further downside, despite possible short-term corrections【59†source】【60†source】.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.