ByLCMS Traders FX Analysis Team
JUL 12, 2021
EUR/USD is trading almost unchanged at 1.1871 with the presence of a bullish Doji on the weekly chart. The immediate support levels are at 1.1844 and 1.1823 while the intraday resistance levels are at 1.1890 and 1.1927.
On the daily charts, the pair is currently trading near the SMA-14 (1.1873) and a breach above this level is likely to send the pair higher. The SMA-14 resistance area is at 1.2053 while the RSI has come up to 40 and has an upwards curve. The mid-Bollinger band is at 1.1890, the upper and lower bands are at 1.2037 and 1.1758. Considering the intraday and 4-hourly price patterns, the pair is good to buy at dips using the following levels.
Direction: Buy
Entry: 1.1840
Take Profit: 1.1910
Stop-Loss: 1.1805
An intraday closing near or above 1.1900 would be ideal for the bulls to extend the bullish rally and move towards challenging the 1.12000 mark. On the downside, bears require a sustained price below 1.1820 to get some control.
Penafian: Pandangan yang dinyatakan adalah semata-mata dari pengarang dan tidak mewakili kedudukan rasmi Followme. Followme tidak bertanggungjawab ke atas ketepatan, kesempurnaan, atau kebolehpercayaan maklumat yang diberikan dan tidak bertanggungjawab untuk sebarang tindakan yang diambil berdasarkan kandungan, melainkan dinyatakan secara bertulis secara jelas.
Tiada ulasan lagi. Jadilah yang pertama berkongsi pandangan anda.