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29 Jul 2021

EUR/USD Price Analysis: Rising bets for a test of 1.1900

  • EUR/USD’s rally remains well and sound near the 1.1880 area.
  • Further upside seen re-visiting the 1.1900 neighbourhood.

EUR/USD picks up extra pace and approaches the key barrier in the 1.1880/90 band.

The continuation of the upside is expected to re-test the July’s top just below 1.1900 the figure. Further north comes in the late June peaks around 1.1975 ahead of the critical 200-day SMA around 1.2000.

Further out, the near-term outlook for EUR/USD is seen on the negative side while below the key 200-day SMA, today at 1.2004.

EUR/USD daily chart

 

Jul 29, 2021

Russia Central Bank Reserves $ down to $594.5B from previous $597.4B

Russia Central Bank Reserves $ down to $594.5B from previous $597.4B
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Jul 29, 2021

NZD/USD stays within touching distance of 0.7000 after disappointing US data

The NZD/USD pair stays in the positive territory in the early American session as the greenback continues to have a difficult time finding demand. As
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