MARKET ANALYSIS - Intraday Analysis
Upwards scenario: EURUSD resumed an uptrend extension today, however further upside progress looks limited to the resistive barrier at 1.1798 (R1). Clearance here is required to open way towards to next targets at 1.1835 (R2) and 1.1872 (R3) in potential. Downwards scenario: On the hourly chart instrument looks overbought and correction formation would be reasonable today. Next support level is seen at 1.1764 (S1), break here is required to validate our intraday targets at 1.1731 (S2) and 1.1695 (S3) in perspective.
Resistance Levels: 1.1798, 1.1835, 1.1872
Support Levels: 1.1764, 1.1731, 1.1695
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The information provided is not financial advice.
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Upwards scenario: EURUSD resumed an uptrend extension today, however further upside progress looks limited to the resistive barrier at 1.1798 (R1). Clearance here is required to open way towards to next targets at 1.1835 (R2) and 1.1872 (R3) in potential. Downwards scenario: On the hourly chart instrument looks overbought and correction formation would be reasonable today. Next support level is seen at 1.1764 (S1), break here is required to validate our intraday targets at 1.1731 (S2) and 1.1695 (S3) in perspective.
Resistance Levels: 1.1798, 1.1835, 1.1872
Support Levels: 1.1764, 1.1731, 1.1695
****
Remember that this analysis is not 100% accurate there is no single analysis for deciding follow your ideas.
***
The information provided is not financial advice.
*****
Please support LIKE if you find it helpful.
****
Follow up to receive everything new
****
good luck for everbody
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.