EURUSD Will Go Higher! Buy!

1 Mei 2023

Take a look at our analysis for EURUSD.

Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is trading around a solid horizontal structure 1.100.

The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.108 level.

P.S
The term overbought refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.

Like and subscribe and comment my ideas if you enjoy them!