EUR/USD -6/7/2023-
• Blurry technical picture for the Euro currency and the trend is turning into neutral
• Bullish ascending trend line since October 2022 intact, supporting the price
• We have a potential short term descending triangle, a bearish formation usually
• If the sellers manage to break below the triangle, the pair might be facing a 150-200 pips move lower according to the triangle breakout projection method
• There is a strong area of resistance between 1.10 and 1.11 and the bullish trend won't gain momentum unless the bulls manage to break above it
• To the downside, supports level align at 1.08-1.0820 (ascending trend line and triangle support) followed by 1.064 (previous swing low) and 1.05
• Unless we see a very bad or very good NFP report, I suspect we are going to stay in a trading range between 1.08 and 1.10-1.11
• Bullish ascending trend line since October 2022 intact, supporting the price
• We have a potential short term descending triangle, a bearish formation usually
• If the sellers manage to break below the triangle, the pair might be facing a 150-200 pips move lower according to the triangle breakout projection method
• There is a strong area of resistance between 1.10 and 1.11 and the bullish trend won't gain momentum unless the bulls manage to break above it
• To the downside, supports level align at 1.08-1.0820 (ascending trend line and triangle support) followed by 1.064 (previous swing low) and 1.05
• Unless we see a very bad or very good NFP report, I suspect we are going to stay in a trading range between 1.08 and 1.10-1.11
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.