Good day dear colleagues traders!
Your attention a technical analysis of the currency pair: #EURUSD / EURUSD # 5
#Technical analysis (D1):
The currency pair remained in the global downward channel, and at the moment it is just at its upper border (1.1400-1.1420).
If we fix above this level, we can talk about tectonic changes in the global Forex market.
#Technicalanalysis (H4-H1):
The euro is holding successfully in the rising channel and only once went beyond its 10% correction.
#Indicative analysis (H4):
All indicators are normal and do not give any signals.
#Global variables:
A) Volatility:
- Weekly volatility: 132 pips
- Daily volatility: 81 points
B) Moving averages: give a signal to buy a single currency.
#Forecast:
The currency pair is extremely optimistic in the upward channel and the growth of volatility gives reasons to talk about the continuation of this trend.
Meanwhile, attempts to grow the single European currency may be limited until the ECB meeting this week with the zone 1.1400-1.1420 and only fixing above it will allow us to talk about a new bull trend, which we observed from May 15 to June 10.
If the euro fails to fix above 1.1420, the potential targets for the downward movement will be 1.1280-1.1220.
More charts and forecasts on our facebook!
With Kindly regards:
WMCI
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Your attention a technical analysis of the currency pair: #EURUSD / EURUSD # 5
#Technical analysis (D1):
The currency pair remained in the global downward channel, and at the moment it is just at its upper border (1.1400-1.1420).
If we fix above this level, we can talk about tectonic changes in the global Forex market.
#Technicalanalysis (H4-H1):
The euro is holding successfully in the rising channel and only once went beyond its 10% correction.
#Indicative analysis (H4):
All indicators are normal and do not give any signals.
#Global variables:
A) Volatility:
- Weekly volatility: 132 pips
- Daily volatility: 81 points
B) Moving averages: give a signal to buy a single currency.
#Forecast:
The currency pair is extremely optimistic in the upward channel and the growth of volatility gives reasons to talk about the continuation of this trend.
Meanwhile, attempts to grow the single European currency may be limited until the ECB meeting this week with the zone 1.1400-1.1420 and only fixing above it will allow us to talk about a new bull trend, which we observed from May 15 to June 10.
If the euro fails to fix above 1.1420, the potential targets for the downward movement will be 1.1280-1.1220.
More charts and forecasts on our facebook!
With Kindly regards:
WMCI
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
