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In this analysis, I want to review the EUR/USD currency pair for you. This analysis will be conducted on the daily timeframe, examining next week’s triggers alongside the DYX.
📅 On the daily timeframe, after ranging within the box of 1.04985 to 1.11893 for a long time, the box has been broken from below, and yesterday's and today’s candles are below the box.
🔽 The RSI oscillator is in the Oversell zone, and the critical support at 26.75 is the most important support in this oscillator.
🔑 If RSI support breaks, the probability of reaching the targets of 1.02612 and 1.00831 increases.
🧩 The SMA 25 indicator is very far from the candles, and since there is always an attraction between price and the average, there is a possibility of rest and correction until this average gets closer to the price.
🚀 If the price stabilizes above the support at 1.04985, the bearish scenario will temporarily fail, and the next resistances are 1.0666 and 1.09531. The main resistance is the ceiling of the box at 1.11893.
💲 The DYX index has also simultaneously broken its resistance and is moving towards the 110.404 target.
🎯 Currently, this index overlaps with EUR/USD, and if this index returns to the box between 100.254 and 106.884, EUR/USD will also return to its box.
📚 If it stabilizes below 104.436 and RSI reaches the 50 line, the bullish momentum in this index will disappear.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
In this analysis, I want to review the EUR/USD currency pair for you. This analysis will be conducted on the daily timeframe, examining next week’s triggers alongside the DYX.
📅 On the daily timeframe, after ranging within the box of 1.04985 to 1.11893 for a long time, the box has been broken from below, and yesterday's and today’s candles are below the box.
🔽 The RSI oscillator is in the Oversell zone, and the critical support at 26.75 is the most important support in this oscillator.
🔑 If RSI support breaks, the probability of reaching the targets of 1.02612 and 1.00831 increases.
🧩 The SMA 25 indicator is very far from the candles, and since there is always an attraction between price and the average, there is a possibility of rest and correction until this average gets closer to the price.
🚀 If the price stabilizes above the support at 1.04985, the bearish scenario will temporarily fail, and the next resistances are 1.0666 and 1.09531. The main resistance is the ceiling of the box at 1.11893.
💲 The DYX index has also simultaneously broken its resistance and is moving towards the 110.404 target.
🎯 Currently, this index overlaps with EUR/USD, and if this index returns to the box between 100.254 and 106.884, EUR/USD will also return to its box.
📚 If it stabilizes below 104.436 and RSI reaches the 50 line, the bullish momentum in this index will disappear.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
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💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Don’t Miss Out!
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.