FxWirePro
Long

EUR/USD Short term Outlook

FX:EURUSD   Euro Fx/U.S. Dollar
926 4 4
•RES 4: 1.1035 (Apr 6th high)

•RES 3: 1.1000

• RES 2: 1.0886 (8th Apr high)

• RES 1: 1.0750 (15th high)

PRICE: 1.0736 @ 10:57 GMT

•SUP 1: 1.0673 (20 day HMA)

•SUP 2: 1.0610 (Cloud bottom)

•SUP 3: 1.0550

•SUP 4:1.0460 (Mar 13th low)

Commentary:

EUR/USD             has slight recovered till 1.0745 after making a low of 1.0525. Overall trend is bullish as long as support 1.0610 holds.

On the upside minor resistance is around 1.0750 and break above would extend gains till 1.0881/1.100. Buy around 1.0700 stop around 1.0600 with target of 1.0881/1.100.





hamad919
2 years ago
ok
Reply
TheShakeOut
2 years ago
Very good analysis. My analysis of supply and demand supports your technical analysis, it shows that the market has found strong support above 1.0520. It is still pushing higher and it has not found serious supply yet. It seems like it is going to try test the previous highs around 1.10. Take a look at my last daily analysis. Regards and good luck!
Increase of Buying Pressure in the Euro
Reply
FxWirePro TheShakeOut
2 years ago
Thank you
+1 Reply
TheShakeOut FxWirePro
2 years ago
The last bar on the daily chart shows strong bullish potential. The market seems determined to test the highs around 1.1
More Buying Pressure in the Euro
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out