EURUSD long term outlook neutral until bullish.
EURUSD ANALYSIS:
High at monthly resistance 1.20700
Bullish engulfing on weekly chart at 23% fib level + previous resistance turned support
Target monthly resistance 1.20700 for double top completion or breakout.
If price does not break monthly resistance target price will form a double top and trend will reverse.
if trend reverses we shall see a change in direction to monthly support of 1.07050
if price breaks monthly resistance we should expect a target (fib target) of 1.25091) lining up with weekly resistance of 1.25623 where we saw strong indecision before.
Strong bullish candles on monthly + break of range to the upside observed.
We observe a head on shoulder on the daily chart at monthly resistance 1.20700 and a support at 1.1740 support causing price to push back up
Overall trend is up.
however we are seeing a downtrend intraday
We should see a potential turn at 50% retracement.
Wait for confirmation
High at monthly resistance 1.20700
Bullish engulfing on weekly chart at 23% fib level + previous resistance turned support
Target monthly resistance 1.20700 for double top completion or breakout.
If price does not break monthly resistance target price will form a double top and trend will reverse.
if trend reverses we shall see a change in direction to monthly support of 1.07050
if price breaks monthly resistance we should expect a target (fib target) of 1.25091) lining up with weekly resistance of 1.25623 where we saw strong indecision before.
Strong bullish candles on monthly + break of range to the upside observed.
We observe a head on shoulder on the daily chart at monthly resistance 1.20700 and a support at 1.1740 support causing price to push back up
Overall trend is up.
however we are seeing a downtrend intraday
We should see a potential turn at 50% retracement.
Wait for confirmation
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.