# Technical_analysis_and_comments:
Good day, dear investors and colleagues traders!
In this article, we examined the technical side of the #EURUSD currency pair:
The currency pair completed the decline last week, leaving the ascending channel and forming a tapering triangle, the vertices of which you can see on the chart.
A currency pair demonstrates normal indicators of standard indicators of price and volume.
Which makes it possible to use trade both inside the triangle, and in case of breaking it.
Levels of mathematical support and resistance for the current week:
a) Support: 1.0793 and 1.0713;
b) Resistance: 1.0971, 1.1069 and possibly 1.1149;
Volatility should increase this week, as there will be very many, most likely negative statistics and all the attention of investors will be focused on the locomotive of the Eurozone - Germany.
Manager of WMCI Asset Management Indirect Management Fund Sergey Melnikov.
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.
Good day, dear investors and colleagues traders!
In this article, we examined the technical side of the #EURUSD currency pair:
The currency pair completed the decline last week, leaving the ascending channel and forming a tapering triangle, the vertices of which you can see on the chart.
A currency pair demonstrates normal indicators of standard indicators of price and volume.
Which makes it possible to use trade both inside the triangle, and in case of breaking it.
Levels of mathematical support and resistance for the current week:
a) Support: 1.0793 and 1.0713;
b) Resistance: 1.0971, 1.1069 and possibly 1.1149;
Volatility should increase this week, as there will be very many, most likely negative statistics and all the attention of investors will be focused on the locomotive of the Eurozone - Germany.
Manager of WMCI Asset Management Indirect Management Fund Sergey Melnikov.
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.