Current technical picture
The euro strengthened after weak US employment data and broke above 1.1670, which greatly improved its technical sentiment
The pair is currently testing its 200-hour moving average (≈1.1578) - stability above this level indicates confident interest in the euro
The price has broken the 50% retracement level of the decline from the July 1 high (≈1.16098) and has already reached the 61.8% level (≈1.1661), which previously served as resistance in mid-July
The euro strengthened after weak US employment data and broke above 1.1670, which greatly improved its technical sentiment
The pair is currently testing its 200-hour moving average (≈1.1578) - stability above this level indicates confident interest in the euro
The price has broken the 50% retracement level of the decline from the July 1 high (≈1.16098) and has already reached the 61.8% level (≈1.1661), which previously served as resistance in mid-July
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.