EURUSD - short term volatility
EURUSD is at an inflection point now.
It display a descending wedge pattern which is a bullish signal. That means, if the price action breaks out from the wedge, it is a buy.
However, it has also break down from the bullish trend line, which is bearish. Thus, it could heads south towards 1.123 level to form part of the retracement before we see a rebound.
To add confirmation, we can tell the DXY is now in a sideway move as well. The bigger picture is so long as it does not break out of 97 price level, EURUSD remains a buy.
Also,note that on Day chart, we are about 55 pips away from the peak at 1.143 price level.
It display a descending wedge pattern which is a bullish signal. That means, if the price action breaks out from the wedge, it is a buy.
However, it has also break down from the bullish trend line, which is bearish. Thus, it could heads south towards 1.123 level to form part of the retracement before we see a rebound.
To add confirmation, we can tell the DXY is now in a sideway move as well. The bigger picture is so long as it does not break out of 97 price level, EURUSD remains a buy.
Also,note that on Day chart, we are about 55 pips away from the peak at 1.143 price level.
Not
Praise Lord, it went nicely to the target.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.