EUR/USD: Unable to surpass a key resistance at 1.0840
|The EUR/USD pair is unable to advance beyond a key Fibonacci resistance level at 1.0840, as FXStreet’s Chief Analyst Valeria Bednarik notes.
Key quotes
“The 4-hour chart shows that the pair is holding above a flat 20 SMA, although below the larger ones, which maintain modest bearish slopes.”
“The Momentum indicator keeps retreating within positive levels, while the RSI lacks directional strength around 49, offering a neutral stance.”
“Support levels: 1.0770 1.0725 Resistance levels: 1.0840 1.0885”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.