EUR/USD Analysis
The price exhibits bearish momentum, as it has already broken below the pivot line at 1.0367 and closed the weekly candle beneath it. This confirms a downward bias in the near term.
In the short term, the price may retest the pivot line around 1.0367 before continuing its drop.
If bearish momentum persists, the price is expected to decline further to test 1.0226 and potentially 1.0155.
To transition into a bullish structure, the price must break and sustain above 1.0367 by closing a 4-hour candle above this level. If this occurs, the price could target 1.0437.
Key Levels
Pivot Line: 1.0288
Resistance Levels: 1.0360, 1.0436, 1.0470
Support Levels: 1.0227, 1.0155, 1.0110
Trend Outlook
Consolidation: Between 1.0288 and 1.0346
Bearish Trend: Below 1.0288
Bullish Trend: Above 1.0367
The price exhibits bearish momentum, as it has already broken below the pivot line at 1.0367 and closed the weekly candle beneath it. This confirms a downward bias in the near term.
In the short term, the price may retest the pivot line around 1.0367 before continuing its drop.
If bearish momentum persists, the price is expected to decline further to test 1.0226 and potentially 1.0155.
To transition into a bullish structure, the price must break and sustain above 1.0367 by closing a 4-hour candle above this level. If this occurs, the price could target 1.0437.
Key Levels
Pivot Line: 1.0288
Resistance Levels: 1.0360, 1.0436, 1.0470
Support Levels: 1.0227, 1.0155, 1.0110
Trend Outlook
Consolidation: Between 1.0288 and 1.0346
Bearish Trend: Below 1.0288
Bullish Trend: Above 1.0367
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.