Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that EurUsd is currently retesting and already rejecting a quite obvious previous weekly support/resistance zone exactly at the $1.11 level.
You can also see that weekly market structure and moving averages are still quite bullish; we have another support zone coming in at the $1.08 level which could definitely send prices higher so I am now just waiting for a retest of the support and then I do expect a next rally towards the upside.
On the daily timeframe you can see that with today's candle, EurUsd is actually breaking below a key uptrend trendline and EurUsd also formed a triple top at the $1.106 level, showing some bearish pressure so from a daily perspective I am now just waiting for a break below the next support zone and then I do expect a short term move towards the downside to then retest the $1.08 support level.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that EurUsd is currently retesting and already rejecting a quite obvious previous weekly support/resistance zone exactly at the $1.11 level.
You can also see that weekly market structure and moving averages are still quite bullish; we have another support zone coming in at the $1.08 level which could definitely send prices higher so I am now just waiting for a retest of the support and then I do expect a next rally towards the upside.
On the daily timeframe you can see that with today's candle, EurUsd is actually breaking below a key uptrend trendline and EurUsd also formed a triple top at the $1.106 level, showing some bearish pressure so from a daily perspective I am now just waiting for a break below the next support zone and then I do expect a short term move towards the downside to then retest the $1.08 support level.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
#1 Video Author on @TradingView 🏆
Swing Trader since the Year 2019 💻
Daily Analysis from Monday - Friday 💰
3.2K Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD
Swing Trader since the Year 2019 💻
Daily Analysis from Monday - Friday 💰
3.2K Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
#1 Video Author on @TradingView 🏆
Swing Trader since the Year 2019 💻
Daily Analysis from Monday - Friday 💰
3.2K Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD
Swing Trader since the Year 2019 💻
Daily Analysis from Monday - Friday 💰
3.2K Traders in Our FREE Community👇
discord.gg/jgdrYXwqyD
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน