EURUSD @ 1.01707 -imp levels: to sustain further losses on a break below 1.0150
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EUR/USD has managed to erase a small portion of its daily losses after having tested 1.0150. But the pair is not out of the woods yet, FXStreet’s Eren Sengezer reports.
“In case safe-haven flows continue to dominate the financial markets in the second half of the day, EUR/USD could have a difficult time gathering recovery momentum.”
“EUR/USD stays within a touching distance of 1.0150 support. If that level fails, interim support seems to have formed at 1.0120 ahead of 1.0100 and 1.0050.”
“On the upside, the 200-period SMA on the four-hour chart aligns as immediate resistance at 1.0180 before 1.0200 and 1.0230.”
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