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      EURUSD Faces Resistance at Key Technical Levels

      The EURUSD currency pair experienced a significant rise during the European and early North American trading sessions but encountered resistance at a crucial technical level. The pair broke above its 100-day moving average for the second consecutive Friday, reaching a high of 1.1585, which is near the 50% retracement target of 1.1586. However, the upward momentum could not be sustained, leading to a reversal as sellers entered the market.

      This recent price action mirrors last week's performance, where a similar breakout above the 100-day moving average also failed, resulting in a decline to 1.1511. Despite this drop, the pair maintained support above the critical 1.1500 level. As the trading week concludes, the 100-day moving average remains a pivotal point, with a close near this level indicating the potential direction for the upcoming week.

      If the EURUSD can regain momentum and close above the 100-day moving average, the focus may shift back to the 1.1586 target, with further gains possible towards the 200-day moving average at 1.1627. Conversely, if the pair stays below the 100-day moving average, it may face further downside risks, targeting the 100- and 200-hour moving averages around 1.1539 and 1.1524, respectively. A break below these levels could lead to a retest of the key swing area between 1.1498 and 1.1506.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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