FX:EURUSD   Euro Fx/U.S. Dollar
96 0 3
Resistance on Weekly Timeframe stands at 1,1060-1140. Very strong resistance, made up of the lower Cloud
at 1,1060/Monthly R1 & Kijun Sen at 1,1110/Yearly PP at 1,1140. Support is the 1,08 level with the Monthly PP at 1,0810 which was tested during the week
and gave support. Clarification Closes: Bullish side a Weekly close above Yearly S1 1,1140 or at least Monthly R1 at 1,1110.
Bearish side a close below Monthly PP at 1,0810.Note that a Monthly close above Weekly PP will give more
fuel to the upside.

S&P 500             made a Weekly Piercing line at the Yearly S1. Risk for a bounce.

If we see strong sell off in stocks , we may see more sideways action or probing higher.
If we see a strong bounce and Risk-on, the EurUsd             may drop and may do so strongly, since we see signs of Dynamic Bearish
Pressure, i.e Monthly/Weekly/Daily bullish MACD crosses but it is not reflected in price action which is still contracting.

The Flag Pattern is still valid but is moving slowly.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder 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 Account and Billing Sign Out