TipTVFinance

EUR/USD - Bearish break on hourly, eyes trend line supp on daily

FX_IDC:EURUSD   Euro Fx/U.S. Dollar
Support - 1.1319, 1.1283, 1.1236

Resistance - 1.1355- 1.1376, 1.14
(note - 1.1355 is flag resistance on hourly and would shift higher as time progresses)

  • Euro's bearish break from flag pattern (on hourly chart) has poured cold water over possible extension of last Friday's bullish move.
  • The spot appears on track to test trend line support on daily chart (blue line) seen at 1.1319. A day end closing below 1.1319 would signal bullish invalidation and open doors for a drop to 1.1236 levels.
  • On the higher side, we need a clear break above 1.1415 now to signal continuation of last Friday's upmove.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out