Technical analytics

EURUSD market technical outlook

EURUSD

Daily chart:

Forming of bearish pin at the tip of upswing is possible by the end of the day, that would be a good signal for the start of new round of euro sell-offs next week! If we get such setup, we’ll have what to discuss in Monday’s report!


H1-chart:

Local structure despite the systematic rise of the highs, doesn’t hold the lows, that says not about trending growth, but about market expansion. This also plays in favor of sellers, who, eventually, get just more perspective entry points at each high. And now we also see a development of the next downswing in direction of the low 1.1270.


Conclusions:

Decline in direction 1.1270.

Trading recommendations:

Short-trades towards 1.1270


New articles