EUR/USD Analysis
After testing and failing to break the previously announced 1.08 level, the market turned bullish, which is surprising when checking the sharp move that quickly hit the targets with the given levels. This is due to how these levels were broken and how the price reacted to the pullbacks, showing respect as if the price gave a "goodbye kiss" to those levels.
The sharp move of the market did not allow for updates or new targets to be set throughout the week.
However, we remain bullish, and the next targets will be:
1.1278
1.1470
Upon breaking these levels, the targets will be:
1.1844
Finally, 1.2150
Each of these levels is identified through mathematical analysis and could lead to a potential trend reversal. More precise updates and analysis on lower timeframes will be provided later. My expectation is for the market to move in a similar schematic pattern until it reaches the target.
After testing and failing to break the previously announced 1.08 level, the market turned bullish, which is surprising when checking the sharp move that quickly hit the targets with the given levels. This is due to how these levels were broken and how the price reacted to the pullbacks, showing respect as if the price gave a "goodbye kiss" to those levels.
The sharp move of the market did not allow for updates or new targets to be set throughout the week.
However, we remain bullish, and the next targets will be:
1.1278
1.1470
Upon breaking these levels, the targets will be:
1.1844
Finally, 1.2150
Each of these levels is identified through mathematical analysis and could lead to a potential trend reversal. More precise updates and analysis on lower timeframes will be provided later. My expectation is for the market to move in a similar schematic pattern until it reaches the target.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.