EUR/USD Retreats from 1.1000: Technical Signals Point
Cập nhật
EUR/USD Retreats from 1.1000: Technical Signals Point to a Retracement
The EUR/USD pair, after reaching its highest level since August, experiences a pullback below the key psychological level of 1.1000 during the early European session on Wednesday. The US Dollar (USD) manages a modest recovery from its near four-month low, creating a headwind for spot prices as the market shows slightly overbought conditions on the daily chart.
From a technical perspective this morning, the price displays a divergence in the RSI on the H1 timeframe. Despite a fake breakout attempt to surpass 1.1000, the price is now positioned for a potential retracement, targeting the 50% Fibonacci zone from the previous swing low.
Our preference
Below 1.10400 look for further downside with 1.0960 & 1.0930 as targets.
The EUR/USD pair, after reaching its highest level since August, experiences a pullback below the key psychological level of 1.1000 during the early European session on Wednesday. The US Dollar (USD) manages a modest recovery from its near four-month low, creating a headwind for spot prices as the market shows slightly overbought conditions on the daily chart.
From a technical perspective this morning, the price displays a divergence in the RSI on the H1 timeframe. Despite a fake breakout attempt to surpass 1.1000, the price is now positioned for a potential retracement, targeting the 50% Fibonacci zone from the previous swing low.
Our preference
Below 1.10400 look for further downside with 1.0960 & 1.0930 as targets.
Đóng lệnh: đạt mục tiêu
✅ TELEGRAM CHANNEL: t.me/+VECQWxY0YXKRXLod
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: instagram.com/forexn1_com/
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🔥 USA ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: instagram.com/forexn1_com/
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.