EUR/USD: 1.0750 Support, Recovery or Further Fall?
On the EUR/USD chart, I see that the price is touching the support zone around 1.0750 and is likely to make a reversal here. With the combination of the 34 EMA and 89 EMA sloping down, the main trend remains bearish. However, if the price recovers from this support zone, it is likely to retest the resistance levels near 1.0827 and 1.0900.
The most likely scenario is that if the price bounces from the support zone and breaks the resistance, the uptrend could resume. However, if it fails to break above these levels, the downtrend will remain and the price could revisit the support zone below 1.0750.
The most likely scenario is that if the price bounces from the support zone and breaks the resistance, the uptrend could resume. However, if it fails to break above these levels, the downtrend will remain and the price could revisit the support zone below 1.0750.
Join my team to get free signal XAUUSD trades with up to 85% winning rate!
Every day, you will receive 5-7 high quality signals, helping you earn a lot of money
Click here to join the group: t.me/+GRJwuaIyEF8yNDdl
Every day, you will receive 5-7 high quality signals, helping you earn a lot of money
Click here to join the group: t.me/+GRJwuaIyEF8yNDdl
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.