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Usdprice

#Euro Collapsing, USD Bulls Target $1.0730Past Performance The Euro is disintegrating following the events of last week. With the path defined, sellers can continue looking for entries to unload as they press on, targeting $1.0730. The middle BB caps the upside as a floating resistance level, while $1.100 is a fixed reaction line that must be broken for buyers to push higher. #EURUSD Technical Analysis Presently, sellers have the upper hand, which will be the case, provided prices are banding along the lower BB. Notice that May 12's bar had no lower wick suggesting that the liquidation pressure was strong. This could spill to this week. In that case, local resistance will be at $1.0940, or around May 12's high. Any drop below 1.0850 may trigger even more sell-off, allowing sellers to double down in lower time frames. What to Expect? The downtrend is in motion after gains from March. In a breakout formation, prices are dropping, with above-average volumes pointing to participation. For this to change, there must be wide-ranging wicks reversing recent losses. Resistance level to watch: $1.0940 Support level to watch: $1.0730 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Euro Dropping, Double Tops Confirmed As USD Bulls Target $1.073Past Performance Euro is under pressure and within a bearish formation, slipping below $1.0965. The downtrend is quickly taking shape, reading from the EURUSD candlestick arrangement in the daily stage. As long as prices are below the middle BB, traders can look to short, aiming at $1.0860 or lower in the short term. #EURUSD Technical Analysis Euro bulls are fading, and USD buyers are taking control. The inability of Euro buyers to reverse losses, preventing the bleed, gives determined sellers to press on. So far, prices are within a bearish formation as USD bulls target $1.0860 and $1.730 in the days ahead. Notice that bear bars are beginning to band along the lower BB, pointing to increasing momentum and volatility. This development also indicates that $1.1100 is the local peak, marking the double top. What to Expect? The bear bar of May 11 was extended, meaning volatility is high. Moreover, USD bulls are taking charge, forcing prices lower from the middle BB. With this, the EURUSD pair is distributing after an impressive expansion in the last two months. Based on this, sellers can look for opportunities to short in the days ahead. Resistance to watch: $1.0965 Support to watch: $1.0860 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer