Experts Anticipate a EUR/USD Value Of 1.1800

ByBarbara Byrne

Sep 8, 2021

At midweek, the EUR/USD is approaching great assistance in the 1.1800 zones, where it has been trading for a while. Since the post-payrolls highs above 1.1900 (September 3rd), the mark has lost roughly a penny. This week’s lows were in the 1.1815/10 range, which is also home to the 55-day SMA. That might mean a shift to 1.1781 as an intermediate downward limit (20-day SMA). Up to 2021’s lows at 1.1660 (August 20), there have been no important support lines to be seen farther south. For now, the approaching prognosis for EUR/USD, now at 1.1999, is bleak, as it is trading underneath the 200-day SMA, which is a critical level.


Today’s closing price is 1.1828, with a daily change of 39 and a daily change percentage of -0.10. Today’s daily open is 1.184.

EUR/USD Falls Despite Stronger USD, Conflicting ECB Statement

EUR/USD is slipping near 1.1800 as the US dollar strengthens despite a conservative attitude. Experts are concerned about the Delta COVID version. The Euro is under pressure ahead of the ECB’s fiscal regulation announcement on Thursday because of the ECB’s contradictory statements.


Stability levels: 1.1815 1.1775 1.1810 and Barrier rates: 1.1865 1.1910 1.1950

From the 38.2% pullback of its recent bullish surge, assessed around 1.1663 and 1.1908, the EUR/USD unit has rebounded. When it comes to short-term danger, the 20 SMA is gaining bearish momentum above the present rate, according to the 4-hour chart. As a result of this, chart patterns are hardly rebounding from their daily lows, and they are still firmly in the negative. The unit’s gloomy outlook may change if it recovers over the next breakpoint of 1.1865.

The Basics

Despite a new weekly low of 1.1811, the EUR/USD unit is rebounding slightly. Regardless of this, a gloomy market attitude keeps the USD up versus most of its key competitors, including the Euro. However, the European indices are still in the negative, which is dragging on US stocks and bonds.     

Due to the impending release of the European Banking Systems’ monetary program, buyers may decide to stay away from this set of currencies. ECB will have a fiscal policy session on Thursday, September 9, and the results will be announced. The attention will be on whether or not officials are prepared to tighten their ultra-loose fiscal system and revise their development and inflation projections upwards in the next weeks and months.

Neither the European macroeconomic schedule nor the US economic agenda has anything to say today, although the US will issue small statistics, along with the IBD/TIPP Economic Sentiment for September, formerly at 53.6, and the Jolts Open Positions for July, originally forecast at 10 million.

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