Technical Analysis and Outlook:
As anticipated in last week's analysis, the Eurodollar has sustained its downward trajectory with notable intensity, successfully reaching all predefined targets: Mean Support at 1.069, Key Support at 1.062, a retest of the completed Inner Currency Dip at 1.060, and the realization of the Inner Currency Dip at 1.050. While this downward movement is significant, the following primary target is the Outer Currency Dip at 1.042. It is imperative to acknowledge and initiate a rebound, which is currently taking place, guiding prices back toward the newly established Mean Resistance at 1.063 before resuming the down movement.
As anticipated in last week's analysis, the Eurodollar has sustained its downward trajectory with notable intensity, successfully reaching all predefined targets: Mean Support at 1.069, Key Support at 1.062, a retest of the completed Inner Currency Dip at 1.060, and the realization of the Inner Currency Dip at 1.050. While this downward movement is significant, the following primary target is the Outer Currency Dip at 1.042. It is imperative to acknowledge and initiate a rebound, which is currently taking place, guiding prices back toward the newly established Mean Resistance at 1.063 before resuming the down movement.
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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.