Dear All,
Based on my Research, The EUR/USD is now on Buy Trend, Since 20MA crossed 50MA in upwards in Daily charts. Based on fibonacci retracement the next Resistance level is 1.1226 and if it break then it will reach the next Resistance level is 1.1330. And recently news are positive (Dollar weakens after another surprise Fed rate cut) so I expected the price will rise in fews days.
Note: This is my view on EUR/USD, Kindly Do your own analysis before enter any position.
Thanks & Regards,
Ganesh
MARKET GM
Based on my Research, The EUR/USD is now on Buy Trend, Since 20MA crossed 50MA in upwards in Daily charts. Based on fibonacci retracement the next Resistance level is 1.1226 and if it break then it will reach the next Resistance level is 1.1330. And recently news are positive (Dollar weakens after another surprise Fed rate cut) so I expected the price will rise in fews days.
Note: This is my view on EUR/USD, Kindly Do your own analysis before enter any position.
Thanks & Regards,
Ganesh
MARKET GM