EURUSD Analysis 1/14/2024
EURUSD is on a downtrend on the M timeframe which indicates a lot of bearish momentum. Weekly structure says the same.
Daily TF is currently on an uptrend, hence a countertrend. Since there is still bullish momentum on this pair, I can see it going higher. Dropping down to the H4 timeframe we see an ascending triangle which no clear breakout yet. A break and retest above 1.1 would bring upside movement, and a break and retest below 1.09 would bring a drop. MA is also pointing down, which also indicates more bearish pressure. We will have to wait and see how things play out.
Daily TF is currently on an uptrend, hence a countertrend. Since there is still bullish momentum on this pair, I can see it going higher. Dropping down to the H4 timeframe we see an ascending triangle which no clear breakout yet. A break and retest above 1.1 would bring upside movement, and a break and retest below 1.09 would bring a drop. MA is also pointing down, which also indicates more bearish pressure. We will have to wait and see how things play out.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.