Technical Analysis and Outlook:
This week, the Euro reapproached our designated Mean Resistance level of 1.050 and reversed its upward momentum. This trend indicates a continuation of the downward price movement, establishing a new support level marked at 1.042. Further declines may materialize, with potential targets including Mean Support at 1.030, a weaker Key Support at 1.024, the completed Outer Currency Dip at 1.020, and the outermost target Outer Currency Dip at 1.005. Contrariwise, should the anticipated downward correction not transpire, the Eurodollar may experience an upward rally, possibly revisiting the Mean Resistance level of 1.050 and subsequently engaging with the Inner Currency Rally target of 1.060.
This week, the Euro reapproached our designated Mean Resistance level of 1.050 and reversed its upward momentum. This trend indicates a continuation of the downward price movement, establishing a new support level marked at 1.042. Further declines may materialize, with potential targets including Mean Support at 1.030, a weaker Key Support at 1.024, the completed Outer Currency Dip at 1.020, and the outermost target Outer Currency Dip at 1.005. Contrariwise, should the anticipated downward correction not transpire, the Eurodollar may experience an upward rally, possibly revisiting the Mean Resistance level of 1.050 and subsequently engaging with the Inner Currency Rally target of 1.060.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.