EUR/USD Price Analysis: Stays sidelined around 1.1650, monthly resistance line in focus
newscatcher
2021-10-24 22:30
EUR/USD Price Analysis: Stays sidelined around 1.1650, monthly resistance line in focus
EUR/USD keeps latest rebound from 10-day EMA, off intraday low. Bullish MACD, sustained trading beyond short-term moving averages favor buyers. August month's low adds to the upside filters. EUR/USD picks up bids to 1.1642, keeping the two-day advances intact during the early Asian session on Monday. In doing so, the currency major pair stays firmer above 10-day and 21-day EMAs amid bullish MACD signals, suggesting further advances towards the downward sloping resistance line from September 22, near 1.

https://www.fxstreet.com/news/eur-usd-price-analysis-stays-sidelined-around-11650-monthly-resistance-line-in-focus-202110242222

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