EURUSD - By : Masih Rezvani_PhD
Technical Analysis
17.01.2023
#Technical Analysis
eurusd
Summary about the Channel
Each channel hase 3 lines / Top Line / Bottom Line & Centr line
Center Line plays strong act in any channels , this line will return the price to opposite side ,
We have 2 channel in this chart / the Blue channel and the Red channel
price hase been reached to the top the blue channel and touched the center line of the red channel .
(We are facing to the overbought also )
Plan A : If price will break the bottom the red channel about 1.0715 , next level is around 1.025
Plan B : if price can not break the 1.0715 will rise till 1.113 and next level till 1.1455
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My prefer is short position because up to the fundamental reasons / The increase in #energy demand from China and the outcome of the #OPEC meeting and totally we are facing to the #Energy_Crisis in the world , #geopolitical's Related to the #Russia - #Ukrain #War , the #Eu will faces to the very strong #Energy Crisis very soon
Technical Analysis
17.01.2023
#Technical Analysis
eurusd
Summary about the Channel
Each channel hase 3 lines / Top Line / Bottom Line & Centr line
Center Line plays strong act in any channels , this line will return the price to opposite side ,
We have 2 channel in this chart / the Blue channel and the Red channel
price hase been reached to the top the blue channel and touched the center line of the red channel .
(We are facing to the overbought also )
Plan A : If price will break the bottom the red channel about 1.0715 , next level is around 1.025
Plan B : if price can not break the 1.0715 will rise till 1.113 and next level till 1.1455
----
My prefer is short position because up to the fundamental reasons / The increase in #energy demand from China and the outcome of the #OPEC meeting and totally we are facing to the #Energy_Crisis in the world , #geopolitical's Related to the #Russia - #Ukrain #War , the #Eu will faces to the very strong #Energy Crisis very soon