Good afternoon, dear reader!
Last week comment:
The currency pair felt great, despite the negative statistics. The balance of payments helped the euro level pressure from sellers, which allowed the asset to stabilize in the trading week.
The results of the week: A decrease of -0.1% or -11 points.
Last week comment:
The currency pair felt great, despite the negative statistics. The balance of payments helped the euro level pressure from sellers, which allowed the asset to stabilize in the trading week.
The results of the week: A decrease of -0.1% or -11 points.
Technical analysis:
The asset is located in 3 upward channels: global, local and trend up on mini-timeframes. At the same time, a resistance line is clearly drawn, passing from the past high level to the weekly high level. We believe that while the euro closes the day above 1.08, the bulls have every chance to test the marks at 1.09-1.10.
Indicative analysis provides the following information:
It is completely neutral in nature and does not imply any signals.
=> In the event that 1.08 continues to form support for the currency pair, we can talk about an up-trend, with the goals described above.
Global Variables:
• Volatility: Weekly = 74 points // Monthly = 91 points // Quarterly = 90 points.
• Trends: Continuation of the downtrend, the 55 - day average is below 100 - day and 200 - day.
• Range Ratio: 122 points (drop from 250 points).
Recommendations:
We recommend buying at current prices, when opening without a gap, buying at opening prices with a stop, in case the day is fixed below 1.08.
Regards to subscribers,
Wermelgion & Partners Invest.
Profitability of WMCI Asset Management Fund + 10.93% for May;
Profitability of HMS Royal Oak + 14.53% for May;
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Last week comment:
The currency pair felt great, despite the negative statistics. The balance of payments helped the euro level pressure from sellers, which allowed the asset to stabilize in the trading week.
The results of the week: A decrease of -0.1% or -11 points.
Last week comment:
The currency pair felt great, despite the negative statistics. The balance of payments helped the euro level pressure from sellers, which allowed the asset to stabilize in the trading week.
The results of the week: A decrease of -0.1% or -11 points.
Technical analysis:
The asset is located in 3 upward channels: global, local and trend up on mini-timeframes. At the same time, a resistance line is clearly drawn, passing from the past high level to the weekly high level. We believe that while the euro closes the day above 1.08, the bulls have every chance to test the marks at 1.09-1.10.
Indicative analysis provides the following information:
It is completely neutral in nature and does not imply any signals.
=> In the event that 1.08 continues to form support for the currency pair, we can talk about an up-trend, with the goals described above.
Global Variables:
• Volatility: Weekly = 74 points // Monthly = 91 points // Quarterly = 90 points.
• Trends: Continuation of the downtrend, the 55 - day average is below 100 - day and 200 - day.
• Range Ratio: 122 points (drop from 250 points).
Recommendations:
We recommend buying at current prices, when opening without a gap, buying at opening prices with a stop, in case the day is fixed below 1.08.
Regards to subscribers,
Wermelgion & Partners Invest.
Profitability of WMCI Asset Management Fund + 10.93% for May;
Profitability of HMS Royal Oak + 14.53% for May;
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
