Good day, dear investors and colleagues traders!
Your attention a technical analysis of the currency pair #Eurusd:
The asset has been in a down trend all last week. If we compare the opening of the week and its closing, the currency pair lost -1.36%.
From a technical point of view, the currency pair continues to be in the downward channel from December 31, 2019. But, the market led it to a "good" support area which ranges from 1.0940 to 1.0920.
The range of volatility is 153 points, the downward channel has a degree slope of 22 °, which indicates normal movement.
Our system for assessing currency pairs and the precious metals market also assumes that the asset has entered the zone of potential purchases and we will expect more confident consolidation to open long positions.
We will pay special attention to the following trading levels:
- 1.0891;
- 1.0840;
The resistance levels for a currency pair are:
- 1.1043;
- 1.1144;
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Your attention a technical analysis of the currency pair #Eurusd:
The asset has been in a down trend all last week. If we compare the opening of the week and its closing, the currency pair lost -1.36%.
From a technical point of view, the currency pair continues to be in the downward channel from December 31, 2019. But, the market led it to a "good" support area which ranges from 1.0940 to 1.0920.
The range of volatility is 153 points, the downward channel has a degree slope of 22 °, which indicates normal movement.
Our system for assessing currency pairs and the precious metals market also assumes that the asset has entered the zone of potential purchases and we will expect more confident consolidation to open long positions.
We will pay special attention to the following trading levels:
- 1.0891;
- 1.0840;
The resistance levels for a currency pair are:
- 1.1043;
- 1.1144;
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
