Euro / Dollar ASDiupdate EUR/USD back above 1.05, time for a change in trend?
Hello traders, I know most of you have been waiting for EUR/USD to
reverse from bullish to bearish. However, for more than 10 weeks now,
EUR/USD is a prolonged downtrend and we are seeing lower prices
every week.
That being said, EUR/USD has climbed back above the crucial psychological
level of 1.05. If price breaks the 1.0520 level(hourly moving average)
and continues to stay above it, there would be some hope for the bulls.
Beyond that, a strong test for the bulls lies at 1.0610. If price breaks this level,
we can expect a trend reversal. I would recommend traders to keep these
few key levels in mind while trading EUR/USD.
reverse from bullish to bearish. However, for more than 10 weeks now,
EUR/USD is a prolonged downtrend and we are seeing lower prices
every week.
That being said, EUR/USD has climbed back above the crucial psychological
level of 1.05. If price breaks the 1.0520 level(hourly moving average)
and continues to stay above it, there would be some hope for the bulls.
Beyond that, a strong test for the bulls lies at 1.0610. If price breaks this level,
we can expect a trend reversal. I would recommend traders to keep these
few key levels in mind while trading EUR/USD.
Catatan
Price has broken above the hourly moving average, let's see if this stays above it
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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.