Technical Analysis and Outlook:
In this week’s trading session, the Euro market experienced an upside breakout, reaching the Interim Inner Currency Rally target at 1.178, having crossed the Mean Resistance level at 1.175. With this completion, current market conditions demonstrate a downward trend, with the primary objective being the Mean Support level at 1.163.
On the upside, we anticipate a healthy dead-cat rebound from the Mean Support at 1.163, aiming for the price zone around 1.169. It’s important to note that some intermediate upward momentum may occur within this downward trend before prices realign with the expected trajectory.
In this week’s trading session, the Euro market experienced an upside breakout, reaching the Interim Inner Currency Rally target at 1.178, having crossed the Mean Resistance level at 1.175. With this completion, current market conditions demonstrate a downward trend, with the primary objective being the Mean Support level at 1.163.
On the upside, we anticipate a healthy dead-cat rebound from the Mean Support at 1.163, aiming for the price zone around 1.169. It’s important to note that some intermediate upward momentum may occur within this downward trend before prices realign with the expected trajectory.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.