EUR/USD Weekly Technical Overview: Sellers Remain In Control
Jason Maynard | Sep 25, 2021 07:15AM ET
EUR/USD pair is down for a third consecutive week. The sellers are still in control, but the last bar in the weekly charts shows a reverse near the support at price 1.1663. That remains the primary support for now. In case of a break below this level, the next significant support lies at 1.1520. Simultaneously, the 100-day moving average is crossing the 200-moving average at 1.16000. This creates dynamic support that can push sellers above the resistance at 1.1755.
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