TradingView
TradeSelecter
Apr 13, 2024 10:40 AM

EUR/USD Daily Chart Analysis For Week of April 12, 2024 

Euro Fx/U.S. DollarFXCM

Description

Technical Analysis and Outlook:
The Eurodollar has completed an Inner Currency Dip of 1.065. This momentum is expected to generate further selling pressure, resulting in a decline to the next Inner Currency Dip of 1.054. Ultimately, the Eurodollar is expected to reach an Inner Currency Dip of 1.045. It is worth emphasizing, however, that an interim rebound to the Mean Resistance level of 1.075 may be feasible before the Eurodollar resumes its downward trajectory.
More