Today we are looking at the U.S. Dollar / Euro (USDEUR), a chart that was going full bearish just had a strong reversal... let's take a look!
What happens next?
If USDEUR can stay and close weekly above 0.9180, we are likely to see additional growth.
But if instead prices move lower and close below 0.9170, we can expect a retrace.
Right now USDEUR is looking bullish.
All the important support and resistance levels are clearly marked on the chart. You can zoom out for more.
Thanks a lot for reading.
This is not financial advice.
Namaste.
- Prices peaked in mid-Feb. for USDEUR and three strongly bearish candles followed.
- Last week's candle saw a long-wick and a strong bounce as soon as MA200 was tested.
- Now, USDEUR is trading above all major resistance in the form of E/MAs (EMA10, EMA50, EMA100, and MA200). These levels will now work as support.
- The RSI and MACD are both strong and bullish, opening the door for additional growth.
What happens next?
If USDEUR can stay and close weekly above 0.9180, we are likely to see additional growth.
But if instead prices move lower and close below 0.9170, we can expect a retrace.
Right now USDEUR is looking bullish.
All the important support and resistance levels are clearly marked on the chart. You can zoom out for more.
Thanks a lot for reading.
This is not financial advice.
Namaste.
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Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.