LADEEc57
Long

$EURUSD - To Invalidate or Not - Channel Regression

FX_IDC:EURUSD   Euro / U.S. Dollar
41 0 5
FX_IDC:EURUSD             Folks, last weeks price action on this par moved as had expected where the lows were tested following a failure to carry forward. A new downward sloping regression channel has formed due to the upward price reversal set in place by the past few trading sessions, showing the upper & lower area range channel of $1.0533 to $1.0678. Price action next week will have to break out of the upper range level of $1.0677 to invalidate this new channel otherwise we'll see price action momentum continuing it's downwardly direction. A little help from other cross pairs ; namely a weakening USDJPY             , should push up the EURUSD             . If this happens, look for price action movement to target $1.0812 levels.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
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 Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out