Bearish market comes
In recent days, positive dollar news was released by the Federal Reserve, which was a positive signal for the growth of the dollar.
Over the past week, the EUR / USD chart has tried several times to break the 1.175 price ceiling, but failed.
This chart is in a downtrend.
However, if it can break the 1.175 ceiling, it can be said that the market is bullish.
At the beginning of the week, the price chart is expected to reach 1.173 and then the market will fall.
Germany's manufacturing PMI was lower than last week's market forecast. Other euro figures were weaker against the dollar.
In this analysis, two areas for entry are highlighted in blue. Losses are marked in red and profit areas are marked in green.
This is just an analysis. Not a financial recommendation
Over the past week, the EUR / USD chart has tried several times to break the 1.175 price ceiling, but failed.
This chart is in a downtrend.
However, if it can break the 1.175 ceiling, it can be said that the market is bullish.
At the beginning of the week, the price chart is expected to reach 1.173 and then the market will fall.
Germany's manufacturing PMI was lower than last week's market forecast. Other euro figures were weaker against the dollar.
In this analysis, two areas for entry are highlighted in blue. Losses are marked in red and profit areas are marked in green.
This is just an analysis. Not a financial recommendation
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