The last week was particularly tough for the euro against the US dollar. The pair broke below the range that had lasted for over a month and the downside movement ended up intensifying.
4 hour Time Frame Chart
However, on the 4-hour chart, we can see that buyers are trying to regain control of the price as they approach an important support zone near the 1.08318 mark.
4 Hours Time Frame Chart. Source: xStation 5
On the weekly chart, we can see that the price continues to reject the neckline zone of the potential chart pattern, which supports the USD bearish scenario.
Henrique Tomé,
Analyst Portgal
USDJPY จ่อแตะ 160
Chart of the Day: EURUSD รอจับตา CPI สหรัฐฯ เงินเฟ้อชี้เกม Fed
Economic Calendar: เงินเฟ้อสหรัฐฯ ชี้ทิศตลาด ไฮไลต์ข้อมูลสำคัญที่สุดของสัปดาห์
ข่าวเด่นววันนี้ 12 ส.ค.
