Based on recent technical analysis, the projected EUR/USD resistance level for next week could be around 1.0435.
Here's why:
* Current Resistance: This level has acted as a significant resistance point in recent trading.
* Technical Indicators: Some indicators suggest potential for a short-term reversal, but the overall trend remains bearish as long as this resistance holds.
Important Note:
* This is just a projection based on current technical analysis.
* The actual resistance level can fluctuate significantly based on various factors, including economic data releases, geopolitical events, and market sentiment.
* Trading in the forex market involves significant risk and can result in substantial losses.
Disclaimer: This information is for general knowledge and educational purposes only.
I recommend consulting with a qualified financial advisor before making any investment decisions.
Here's why:
* Current Resistance: This level has acted as a significant resistance point in recent trading.
* Technical Indicators: Some indicators suggest potential for a short-term reversal, but the overall trend remains bearish as long as this resistance holds.
Important Note:
* This is just a projection based on current technical analysis.
* The actual resistance level can fluctuate significantly based on various factors, including economic data releases, geopolitical events, and market sentiment.
* Trading in the forex market involves significant risk and can result in substantial losses.
Disclaimer: This information is for general knowledge and educational purposes only.
I recommend consulting with a qualified financial advisor before making any investment decisions.
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.