💡 EURUSD: Unpredictable

23 thg 11, 2023

➡️ EURUSD recently approached the support zone near 1.0890 and experienced a rebound. However, there are currently no clear buy signals.

➡️ On the shorter timeframes, the upward trend hasn't materialized yet, making it challenging for us to initiate buy positions. Therefore, it's prudent to adopt a cautious approach and observe further price action. The likelihood of the market continuing its downward trajectory remains significant. For those engaged in short-term trading, selling could be considered around the resistance area near 1.0925.

It's essential to pay close attention to price movements. If the price convincingly surpasses the mentioned zone with strong momentum and fails to generate any sell signals, it would be wise to stay on the sidelines.

23 thg 11, 2023

Ghi chú

EURUSD continued to slide down after the price created a railroad pattern on the daily, however the downward momentum was stopped after approaching the support threshold of 1,085 and created a new notable bullish signal on the daily frame (bullish pin bar model). ). This price behavior shows that buyers are returning after the correction. You can continue to expect the price to go up, the target for long positions is still around the 1.10 resistance area.

24 thg 11, 2023

Ghi chú

Recovering in the first half of the past session, however, selling pressure returned afterward, creating a long upper candle shadow, preventing EURUSD from having a full session of price increase. This price behavior shows that the sellers are not yet enthusiastic about returning to the market, but the overall situation has not changed, it is likely that the uptrend will continue, you should continue to hold existing buying positions, aiming for The target is around the threshold of 1.10.