Early in the American session, the euro is trading around 1.1340 and is experiencing a strong technical rebound after reaching the 4/8 Murray level at 1.1230.
The euro could rise in the coming hours, but it faces strong resistance around 1.1352. This level could provide a key opportunity to resume selling.
It the euro falls below the 21SMA at 1.1326 or below the 5/8 Murray level, we could expect a technical correction and could reach the 4/8 Murray level at 1.1240 and even fill the gap it left around 1.1168.
The indicator is showing a negative signal, however, we could expect a recovery in the euro in the coming hours, before it could fall again.
The euro could rise in the coming hours, but it faces strong resistance around 1.1352. This level could provide a key opportunity to resume selling.
It the euro falls below the 21SMA at 1.1326 or below the 5/8 Murray level, we could expect a technical correction and could reach the 4/8 Murray level at 1.1240 and even fill the gap it left around 1.1168.
The indicator is showing a negative signal, however, we could expect a recovery in the euro in the coming hours, before it could fall again.
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DAILY FREE SIGNAL. FREE SIGNAL (95% accuracy) TP AND SL PROVIDED
In This Channel, i Will Provide you a profitable Scalping And Swing Trade Follow My Signals
PUBLIC TELEGRAM CHANNEL
t.me/CEO_PREMIUM_ANALYSIS
In This Channel, i Will Provide you a profitable Scalping And Swing Trade Follow My Signals
PUBLIC TELEGRAM CHANNEL
t.me/CEO_PREMIUM_ANALYSIS
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.