Will EURUSD continue to fall deeply?
Hello everyone, let's ponder over the movement of EURUSD this week: will it rise or fall? Here are some insights and analyses from Karina on this currency pair.
Observing the chart, it appears that the long-term upward trend of EURUSD is showing signs of weakening, especially since it started declining from a peak near 1.111. The trend seems to be shifting to a sideways movement and might further decrease, particularly as the RSI indicator and candlestick patterns are showing divergence, indicating a diminishing buying strength.
Moreover, the recent weakness of the US Dollar (USD) at the end of the week hasn't provided any significant momentum to EUR/USD, even adding more downward pressure on this currency pair.
Based on these signs, Karina sets a target and expects that EURUSD might fall to the support level of 1.076. What are your thoughts on this trend?
Observing the chart, it appears that the long-term upward trend of EURUSD is showing signs of weakening, especially since it started declining from a peak near 1.111. The trend seems to be shifting to a sideways movement and might further decrease, particularly as the RSI indicator and candlestick patterns are showing divergence, indicating a diminishing buying strength.
Moreover, the recent weakness of the US Dollar (USD) at the end of the week hasn't provided any significant momentum to EUR/USD, even adding more downward pressure on this currency pair.
Based on these signs, Karina sets a target and expects that EURUSD might fall to the support level of 1.076. What are your thoughts on this trend?
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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.
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.