EURUSD Price Reaches a 52 Week Low, What Next?

The Euro-Dollar exchange rate opened the week at 1.1241 and closed on Friday, September 28th 2018 at 1.1845. The reason for this is that investors are currently more bullish on the US Dollar than they are with regards to Europe’s economic outlook.,

The “eurusd forecast” is a tool that allows traders to see what the next move will be in the EURUSD market. The tool predicts where the price will go based on historical data.

EURUSD Price Analysis for the Month of March

Price may begin a bullish rise towards the resistance levels of $1.09, $1.11, and $1.14 if the bears defend the $1.07 support level. Should the bears’ assault breach the $1.07 support level, the price may extend its downward trend towards $1.06 and $1.04 levels.

EUR/USD Exchange Rates

Levels of importance:

$1.09, $1.11, $1.14 are the resistance levels.

$1.07, $1.06, and $1.04 are support levels.

Long-term trend for EURUSD is bearish.

EURUSD has a gloomy long-term prognosis. The price has been hovering around $1.11 for the last two weeks. The bears are still in charge of the EURUSD. On February 10, the bearish scenario began near the $1.14 barrier level. The currency pair was once again under severe negative pressure, and it fell below the support level of $1.07, the 52-week low. This might be a reversal zone.

EURUSD Daily Chart, 7th of March

It is currently testing the support level of $1.07 level. EURUSD has broken down the two EMA downside, the price is trading below the 9 periods EMA and 21 periods EMA. Price may begin a bullish rise towards the resistance levels of $1.09, $1.11, and $1.14 if the bears defend the $1.07 support level. Should the bears’ assault breach the $1.07 support level, the price may extend its downward trend towards $1.06 and $1.04 levels. The Relative Strength index period 14 is at 22 levels pointing down to indicate sell signal.

EURUSD is in a bearish trend over the medium term.

On a medium-term basis, the EURUSD is in a negative trend. The sellers’ pressure grows stronger, and the former support levels of $1.11 and $1.09 become resistance. The price is approaching a low of $1.07. If the previously mentioned support level is not held, the price may continue to fall.

March 07, EURUSD 4-hour chart

The signal lines on the Relative Strength Index period 14 are pointing down, indicating a sell signal and additional price decline.

The “eur/usd historical data” is a chart that shows the price of EURUSD over time. The current price is at its lowest point in 52 weeks. What will happen next?

Frequently Asked Questions

What is the future of eurusd?

A: The future of eurusd is unknown.

What does it mean when eurusd goes down?

A: When the Euro Stoxx 50 Index, an index of European stocks, falls below a certain point it signals that Europes economy is in trouble.

Will Eurusd go up or down?

A: Eurusd is currently going up.