TECHNICAL ANALYSIS FOR THE EURO VERSUS DOLLAR PAIR
September /8/2021
The greenback regain bearish power against the dollar amidst the previous trading session overbought condition. For this week the entire nature of the pair was in a bear zone, despite the fact that market participants are on the outlook for a positive momentum in the market structure. Yet, a bearish pull back towards the previous August 13 highest high dominate the surface of the EUR/USD price chart.
However, buyers are likely to remain in a long position trading decision, because a clever look at the chart from technical analysis stand point indicate that a rejection of price from breaking beyond the mark 1.18003 demand area could result in bringing more attention to the volume of buyers who are ready to take price beyond the earlier highest marked resistance level 1.18834.
In general, the overall nature of the pair on the weekly time frame portray a strong bullish presence, with this in mind market must however know that price has hit the support at a consecutive number of times but fail to break below the surface. Hence buyers are looking for an opportunity that is capable of skyrocketing the volatility nature of the market at a very rapid speed.
To prevent yourself from suspicious brokers I choose WikiFx to research brokers:
September /8/2021
The greenback regain bearish power against the dollar amidst the previous trading session overbought condition. For this week the entire nature of the pair was in a bear zone, despite the fact that market participants are on the outlook for a positive momentum in the market structure. Yet, a bearish pull back towards the previous August 13 highest high dominate the surface of the EUR/USD price chart.
However, buyers are likely to remain in a long position trading decision, because a clever look at the chart from technical analysis stand point indicate that a rejection of price from breaking beyond the mark 1.18003 demand area could result in bringing more attention to the volume of buyers who are ready to take price beyond the earlier highest marked resistance level 1.18834.
In general, the overall nature of the pair on the weekly time frame portray a strong bullish presence, with this in mind market must however know that price has hit the support at a consecutive number of times but fail to break below the surface. Hence buyers are looking for an opportunity that is capable of skyrocketing the volatility nature of the market at a very rapid speed.
To prevent yourself from suspicious brokers I choose WikiFx to research brokers:
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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.