আরও দেখুন
30.01.2023 10:21 AMtrend analysis
EUR/USD may start moving downwards this week from the level of 1.0867 (closing of the last weekly candle) to the 14.6% retracement level of 1.0725 (blue dotted line). But once this price is reached, the pair will resume its upward movement.
Fig. 1 (weekly chart)
comprehensive analysis:
Indicator analysis - downtrend
Fibonacci levels - downtrend
volumes - downtrend
Candlestick analysis - downtrend
Trend analysis - downtrend
Bollinger bands - uptrend
Monthly chart - uptrend
All these points to a downward movement in EUR/USD.
Conclusion: The pair will have a bearish trend, with no first upper shadow on the weekly black candle (Monday - down) and no second lower shadow (Friday - down).
So during the week, euro will fall from 1.0867 (closing of the last weekly candle) to the 14.6% retracement level of 1.0725 (blue dotted line), then bounce back to higher price levels.
Alternatively, the quote may dip from 1.0867 (closing of the last weekly candle) to the 23.6% retracement level of 1.0599 (blue dotted line), and then resume an upward movement.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
