Gold continues its losing streak
Hello traders!
Today, EUR/USD fell below 1.0600 for the first time in several months, breaking above the key support level of 1.0630. With prices below that, there is a possibility of further losses. The daily chart shows the pair heading towards a range of 1.0510 to 1.0530, which represents the February and March lows.
Looking at the technical picture on the 4-hour timeframe, we can see that the support around 1.0560 could trigger a recovery. The 1.0600 and 1.0630 levels have now become significant resistance levels. A drop below 1.0550 could lead to increased volatility and the possibility of a faster price decline.
Today, EUR/USD fell below 1.0600 for the first time in several months, breaking above the key support level of 1.0630. With prices below that, there is a possibility of further losses. The daily chart shows the pair heading towards a range of 1.0510 to 1.0530, which represents the February and March lows.
Looking at the technical picture on the 4-hour timeframe, we can see that the support around 1.0560 could trigger a recovery. The 1.0600 and 1.0630 levels have now become significant resistance levels. A drop below 1.0550 could lead to increased volatility and the possibility of a faster price decline.
Ghi chú
good luck tradersGhi chú
Ghi chú
Ghi chú
Ghi chú
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.