💹EUR/USD ANALYSIS💹
EUR/USD is a mixed picture across the weekly, daily and 4-hour time frames. EUR/USD is leaning slightly bearish when taking into account a multi-time-frame analysis.
From a weekly perspective, the price is being pressured at resistance and by the 38.2% Fibonacci retracement level of the prior bearish impulse. This could equate to a downside continuation in the coming weeks and towards prior highs expected to act as a support zone near 1.1420.
The daily chart, however, is on the verge of a test of support that could result in a move back to the upside to test the M-formation's neckline where it meets the 21-day EMA that would be expected to resist on first attempts. A break of the horizontal support, however, will pressure the dynamic and potentially lead to a downside continuation.
#mytradingstory# #BankofJapan# #OPINIONLEADER# #USeconomy# #NewTraders# #FlashNews# #marketoutlook2021# #insightsboard# #Knowledge# #S&P500# #RBNZ-Minutes#
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
加载失败()