Euro/Usd : 1.1975 handle test is likely (GDP/Tapering Talks)SSI: 45%
Trend : Range
Signal : Sell @ 1.2230-1.2275
Stop Loss : 1.2290
Target : 1.1975
Eurousdanalysis
Euro/Usd : 100 pip daily range likely to continue Stop hunt spikes near 1.2250-1.2310 handle is possible since the speculative sentiment index is around 20% and price is consolidating in a 100 pip rage. Upside breakout is unlikely with lack of catalysts- data numbers and holiday. An eventual test to 1.1975-1.2050 area in possible before any further gain.
Trend : Range
Signal : Short Scalp 1.2250-1.2310
Stop Loss : 1.2360
Target : 1.2150-1.2050
EUR/USD Technical Analysis (Monthly Basis)The pair has been moving on the Fibonacci channels that it has created for a long time, and has touched a Fibonacci 0 channel again from last May.
From here on, we can obviously expect an uptrend. However, it must first break the falling trend line. If prices break this trend, we can see 1.24 first and then 1.36 levels.
However, if the falling trend line is not broken, prices may move towards the Fibonacci 0 channel again, in which case prices may retreat to 1.08 levels.
It contains only personal views and opinions. Does not contain legal investment advice ...
EUR/USD AnalysisHello traders, here is the analysis from our team. EUR/USD .
Let us know in the comment section below if you have any questions.😉
OANDA:EURUSD
