Faibik

EURUSD | Ascending Channel Formation..!!

Long
FX:EURUSD   Euro / U.S. Dollar
#EURUSD (Update)


EURO Has been Moving inside the Ascending Channel since 31st JULY High & From Last 7 Days, Consolidating Between S/R (1.177 - 1.184) But In Asian Session, Bulls Finally Break the Resistance & Now, EURUSD Heading towards the Ascending Channel Resistance (Might test the 1.120 Psychological Resistance)




On the Other Hand, DXY Getting Weak After Yesterday's POWELL Speech. At the Moment, It's Trading Above the Previous LOW So Be Be careful, It Might Bounce Back If Bulls Held the Support.



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Comments

I think next week EURUSD will fall and Dollar will be strongest, the reason the DXY fall on last week is Resignation of Japan Mr Shinzo Abe,because the Japan is old cooperate of US and this news press on the DXY.
At last be careful about BUY positions!
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Faibik Reza_taghipour
@Reza_taghipour agreed with you
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Faibik Reza_taghipour
@Reza_taghipour thanks for sharing your opinion here
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imo if price closes above 1.195 in daily it could reach 1.215 but The situation in Europe is no longer very good nowadays
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Faibik ymz1376
@ymz1376 agreed
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I think the forecast is correct and EURUSD will rise.Good work.
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Bless you for this analysis. I've been trying to figure out what to identify what EUR/USD has been doing for the longest.
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Faibik AlexisSanford012
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thank you so much for your great analysis
Reply
Faibik bappykhalidhasan0
@bappykhalidhasan0 Most Welcome
Reply
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