Need to close below 1.1300 to open next leg further lower
The technical landscape has not changed since mid- August. We still believe 1.1300 is the critical level to focus ahead of the US data and event risk.
EURUSD should lead to the downside with a move below 1.1300 (weekly closing) to its last leg towards 1.1200/1.1170 and 1.1100. Whereas, the risk surrounding the 200MA(weekly) can still be gauged as neutral.
The flip side, resistances located at 1.1425 and 1.1460. A move above the last hurdle would point to a new acceleration of the uptrend towards 1.1500 and 1.1550 initially.
The daily indicators are still very upbeat on top of it the price action traced out a double bottom at 1.1300.
EURUSD should lead to the downside with a move below 1.1300 (weekly closing) to its last leg towards 1.1200/1.1170 and 1.1100. Whereas, the risk surrounding the 200MA(weekly) can still be gauged as neutral.
The flip side, resistances located at 1.1425 and 1.1460. A move above the last hurdle would point to a new acceleration of the uptrend towards 1.1500 and 1.1550 initially.
The daily indicators are still very upbeat on top of it the price action traced out a double bottom at 1.1300.
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.