EURUSD - Recovery
EURUSD (1H) - short term bullish bias
The euro spent the previous day consolidating after the recent sell-off. The short side has struggled to push the pair lower. Instead, a bullish RSI divergence showed that the downside momentum has lost steam, a heads up for sellers that a reversal could be underway. The price rallied above the bearish trend line and built positions for a breakout. The latest impulse above the psychological level of 1.1100 is the confirmation that buyers have taken control of the price action. We could expect a rally towards 1.1140.
Key support: 1.1080
Key resistance: 1.1140
The euro spent the previous day consolidating after the recent sell-off. The short side has struggled to push the pair lower. Instead, a bullish RSI divergence showed that the downside momentum has lost steam, a heads up for sellers that a reversal could be underway. The price rallied above the bearish trend line and built positions for a breakout. The latest impulse above the psychological level of 1.1100 is the confirmation that buyers have taken control of the price action. We could expect a rally towards 1.1140.
Key support: 1.1080
Key resistance: 1.1140
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.