EURUSD: Long discount has not ended
Telah dikemas kini
Hello dear friends!
Currently, EURUSD has started to retreat from its uptrend breakout and is now heading towards a prolonged downward journey. The price is currently trading steadily at 1.0551, with a slight increase, testing the area of operation of EMA 34 and 89. However, there doesn't seem to be any signs of recovery as there hasn't been any reversal from the two EMA lines.
Therefore, the downward trend is expected to begin soon, with price targets at 1.0496 and even lower at 1.0448.
What are your thoughts on the upcoming movement of EU?
Currently, EURUSD has started to retreat from its uptrend breakout and is now heading towards a prolonged downward journey. The price is currently trading steadily at 1.0551, with a slight increase, testing the area of operation of EMA 34 and 89. However, there doesn't seem to be any signs of recovery as there hasn't been any reversal from the two EMA lines.
Therefore, the downward trend is expected to begin soon, with price targets at 1.0496 and even lower at 1.0448.
What are your thoughts on the upcoming movement of EU?
Dagangan aktif
Nota
Later in the day, the US Census Bureau will release the Retail Sales data for September. Markets expect sales to rise 0.3%, following the 0.6% growth recorded in August. A bigger-than-forecast increase could help the USD find demand with the initial reaction by highlighting healthy consumer activity.Nota
Support levels: 1.0495 1.0450 1.0400Resistance levels: 1.0570 1.0610 1.0650
Nota
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.