Euro / U.S. DollarUpdated EURUSD: Short term analysis for 07/11/2024
This is my personal opinion and is intended for educational purposes only. Please consult your financial advisor before making any decisions.
Time Frame: 1-hour
The 1-hour EURUSD chart exhibits bearish trend, with the volume decreasing and the price moving below 200 SMA. 45 min chart exhibits bearish a divergence indicating a potential reversal.
Key Levels:
- Order Block (Lower Target): 1.064-1.053
- Resistance: 1.081-1.084.00
- Immediate Support: 1.068.00
Trading Bias:
It may test upper resistance at 1.084 and get rejected. A breach of lower trend channel may trigger a corrective decline to 105.00 and potentially reach the Lower Target (Order Block) at 1.064-1.058
https://www.tradingview.com/x/Kg5YXDjf/
Trade closed: target reached
Lower target achieved at 1.058
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.
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.