at now eur is so low ,,usd up,, at now still to eurusd 1.23400
at now eur is so low ,,usd up,, at now still to eurusd 1.23400
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EUR / USD pair today known as a strong rise of over 100 points, the pair now face a downtrend on the daily frame if it manages to break it we will see more of the Ascension in the direction of 61 areas of 1.2433 Fibonacci Ghent
This morning, i saw the gap in eu amount 17 pips.
The opening price is 1.2351 and the last friday closed price is 1.2334..
I believe the price will touch the close price and then the price will test again to break the resistance at 1.2440 this week
A drift down to 1.2288 - 1.2242 from 1.2335 - 1.2358 area could be followed by a consolidation/corrective activity.
I think the next direction f EURUSD still difficult to determine. So, the breakout movement is possible to happen.
If EURUSD can break 1.2377, EURUSD may goes up to the resistance level at 1.2469
If EURUSD can break 1.2285, EURUSD may falls to the support level at 1.2203
if the price broke the low edges of second and third channels and the low price f last day and closed below the price 1.2279 so it will go down to 1.2223
but if it broke the high edge of first channel and the high price of last day and closed above the price 1.2390 so it will go up to 1.2445
Well.. This is Monday and no important economic data released![]()
I think Euro/usd will ranging this day in range price 1.23xx
Support 1.2300
Resistance 1.2373
at least if no surprising news coming
Spoiler:
Sorry If My English is Bad
The pair is trading around pivot point at the moment but it seem there us no upcoming news for today last weeks price ction hints on possible continuation to 1.2370 are if not even higher than that, trend is bearish on both 1 hour and bullish 4 hour chart and they are not at overbought so continuation to resistance 1 at 1.2380 is more probable
i am agree with you.i hope the euro/usd will go 1.2400 and more. bye the by thanks for share. see your analysis........