EURUSD - Analysis
EURUSD
W1 - The price has been in an upward channel since March.
There was a breakdown of the lower border of the channel, after which you can count on a return to the upper border and consider long positions to the level of 1.13820
Cancellation of this movement may be in the case of fixing the price of the lower level of the channel and retest for further fall. in this scenario, it will be possible to wait for the price to fall to the levels of 1.01995
What can be expected now?
If fixing behind the level does not happen, the nearest target is 1.11180 and further movement to 1.13828
If the level fixes, the nearest target is 1.04689 and the movement continues until 1.01995
Long
Targets 1.11180 - 1.13828
Medium term - targets 1.08271 - 1.09911 - 1.11424
Short
Targets 1.04689 - 1.01995
Medium term - targets 1.05598 - 1.03903 - 1.01161
W1 - The price has been in an upward channel since March.
There was a breakdown of the lower border of the channel, after which you can count on a return to the upper border and consider long positions to the level of 1.13820
Cancellation of this movement may be in the case of fixing the price of the lower level of the channel and retest for further fall. in this scenario, it will be possible to wait for the price to fall to the levels of 1.01995
What can be expected now?
If fixing behind the level does not happen, the nearest target is 1.11180 and further movement to 1.13828
If the level fixes, the nearest target is 1.04689 and the movement continues until 1.01995
Long
Targets 1.11180 - 1.13828
Medium term - targets 1.08271 - 1.09911 - 1.11424
Short
Targets 1.04689 - 1.01995
Medium term - targets 1.05598 - 1.03903 - 1.01161
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