EUR/USD Price Analysis: Remains capped below the 1.0600 mark, all eyes on ECB rate decision

The EUR/USD pair snaps a two-day winning streak during the early European session on Monday. Market players await the European Central Bank (ECB) Inte

EUR/USD remains capped under the 1.0600 barrier ahead of the key events. A key resistance level is located at the 1.0600-1.0610 region; the initial support level is seen at 1.0566. The Relative Strength Index is in the 40-60 zone, suggesting a lack of direction. rest Rate Decision on Thursday, with no rate change expected.

0635 . The additional upside filter to watch is 1.0671 , followed by 1.0735 . On the downside, the initial support level for EUR/USD is seen near the 50-hour EMA at 1.0566. The critical contention will emerge at 1.0525, portraying a low of October 18 and a lower limit of the Bollinger Band. Further south, a round figure at 1.0500 will be the next downside stop. A breach of the latter will see a drop to 1.0450 .

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

FXStreetNews /  🏆 14. in US

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

EUR/USD holds below the 1.0600 mark ahead of ECB rate decisionThe EUR/USD pair turns red during the early Asian session on Monday after retracing from the 1.0600 psychological round mark. Market players await the
Weiterlesen »

EUR/USD rises amid Eurozone economic data and ECB policy decisionsEUR/USD rises amid Eurozone economic data and ECB policy decisions
Weiterlesen »

Weekly forex analysis: EUR/USD, GBP/USD, AUD/USD and more [Video]Weekly forex forecast covers forecast on EUR/USD , GBP/USD , AUD/USD , NZD/USD , USD/CAD , USD/JPY / Gold (XAU/USD) , Bitcoin (BTC/USD) , S&P500 , Cru
Weiterlesen »

FX weekly — DXY and 14 currency pair levels and targetsEUR/USD this week is the most vital currency Vs USD as EUR/USD's direction determines the trade line up for the next month. EUR/USD remains oversold a
Weiterlesen »

Euro Weekly Forecast: EUR/USD, EUR/GBP Await ECB. Breakout or Breakdown Ahead?This article offers a detailed analysis of EUR/USD and EUR/GBP, considering both fundamental and technical viewpoints ahead of the ECB decision. It also examines important price levels that may come into play next week.
Weiterlesen »

Events suggest Dollar strength and will the ECB holdMacroeconomics: The Federal Reserve is maintaining high interest rates to curb inflation, even if it slows growth. The economy is performing slightly
Weiterlesen »