EURUSD 1.1415 – s-t neutral – Bullish momentum suggests scope for further upside
EURUSD staged a 2-week rally to reach 1.1460 (September 18, 2015 high), retracing just shy of 61.8% of the 1.1713/1.1086 fall. Daily technical indicators remain positive, hinting at scope for further gains. While the pullback finds support in the 1.1373/1.1331 zone (September 14/1, 2015 highs), the next upleg through 1.1460 would challenge 1.1477 then possibly 1.1560 where the 16-month falling trendline (from May 5, 2014 high) lies. A decisive break through the resistance cluster is key to turning the long-term structure bullish. However, a deeper pullback below the 1.1331 area would reopen the 1.1283 low (September 17, 2015).
Outlook:
Intraday: neutral
Daily: bullish
Weekly: neutral
EURUSD staged a 2-week rally to reach 1.1460 (September 18, 2015 high), retracing just shy of 61.8% of the 1.1713/1.1086 fall. Daily technical indicators remain positive, hinting at scope for further gains. While the pullback finds support in the 1.1373/1.1331 zone (September 14/1, 2015 highs), the next upleg through 1.1460 would challenge 1.1477 then possibly 1.1560 where the 16-month falling trendline (from May 5, 2014 high) lies. A decisive break through the resistance cluster is key to turning the long-term structure bullish. However, a deeper pullback below the 1.1331 area would reopen the 1.1283 low (September 17, 2015).
Outlook:
Intraday: neutral
Daily: bullish
Weekly: neutral
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.