My EUR/USD technical analysis suggests a bearish outlook with downside targets at 1.08400, 1.07888, and 1.07500, while maintaining a stop loss at 1.09500.
Key Levels & Analysis:
Resistance: 1.09500 (stop loss level)
Support Levels:
1.08400: Minor support, potential retracement zone
1.07888: Stronger support, aligns with previous price action
1.07500: Major support zone, potential bounce area
Indicators to Watch:
1. Moving Averages: Check if the price is below the 50-day and 200-day moving averages for a stronger bearish confirmation.
2. RSI (Relative Strength Index): If RSI is below 50, it supports bearish momentum. If near 30, be cautious of a reversal.
3. MACD (Moving Average Convergence Divergence): A bearish crossover below the signal line confirms downside momentum.
Trading Strategy:
If EUR/USD breaks below 1.08400 convincingly, it could accelerate towards lower targets.
Any bounce from 1.08400 or 1.07888 should be monitored for a possible trend reversal.
Keep an eye on fundamental events (e.g., Fed & ECB news, economic data) that could impact volatility.
Key Levels & Analysis:
Resistance: 1.09500 (stop loss level)
Support Levels:
1.08400: Minor support, potential retracement zone
1.07888: Stronger support, aligns with previous price action
1.07500: Major support zone, potential bounce area
Indicators to Watch:
1. Moving Averages: Check if the price is below the 50-day and 200-day moving averages for a stronger bearish confirmation.
2. RSI (Relative Strength Index): If RSI is below 50, it supports bearish momentum. If near 30, be cautious of a reversal.
3. MACD (Moving Average Convergence Divergence): A bearish crossover below the signal line confirms downside momentum.
Trading Strategy:
If EUR/USD breaks below 1.08400 convincingly, it could accelerate towards lower targets.
Any bounce from 1.08400 or 1.07888 should be monitored for a possible trend reversal.
Keep an eye on fundamental events (e.g., Fed & ECB news, economic data) that could impact volatility.
Trade active
trade active from 1.09000 keep hold in sell position
📲 Join telegram channel free ..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
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.
📲 Join telegram channel free ..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Trade_With_Gold_King005
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
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.