Last week EUR/USD was pleased with good movement on Wednesday based on inflation data. All other days are a pale shadow of Wednesday's trading. This is how it is now in the market - we react to important economic statistics, and on the rest of the days we vegetate in range fuss.I consider the current situation of the couple to be very ambiguous in terms of future prospects. We can continue the growth that began on Friday and will head towards the resistance of 1.0907, where I personally will be ready to try selling. If the pair continues to move further, then the next sale from 1.0925 is acceptable to me.I don’t consider purchasing from current ones. Now, if they give a correction towards a strong link of supports in the area of 1.0820, then from there I will buy with great pleasure, counting on continued growth in the direction of 1.1000. There's a level of attraction there.
EUR/USD H4 Time Frame
I can say that I would also really like our EUR/USD to go down first, and then go to achieve goals in the north. Now I looked at the situation and the situation with the Eurodollar on H4 and this is what I came up with.And this is what I get. After the pair broke above the level of 1.0812, the preconditions for the formation of a zig-zag in the north direction were formed with the nearest fibo expansion target at the level of 1.0914. And since this pair is not distinguished by vivacity and impetuosity (which is why it is loved by many), they did not make it through the week, therefore, there is a possibility that we will start the week by continuing the growth, testing the figure 1.09, or rather, the level 1.0914, and only after that the decline.But now the market sentiment is against the US dollar, which means that all technical justifications can break through the knee.
EUR/USD H4 Time Frame
I can say that I would also really like our EUR/USD to go down first, and then go to achieve goals in the north. Now I looked at the situation and the situation with the Eurodollar on H4 and this is what I came up with.And this is what I get. After the pair broke above the level of 1.0812, the preconditions for the formation of a zig-zag in the north direction were formed with the nearest fibo expansion target at the level of 1.0914. And since this pair is not distinguished by vivacity and impetuosity (which is why it is loved by many), they did not make it through the week, therefore, there is a possibility that we will start the week by continuing the growth, testing the figure 1.09, or rather, the level 1.0914, and only after that the decline.But now the market sentiment is against the US dollar, which means that all technical justifications can break through the knee.
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