EURUSD: Outlook Favors the Bears!
Pukaaa, hello everyone!
EURUSD has shown a slight recovery today, with trading levels remaining nearly unchanged compared to the same time yesterday. The pair is fluctuating around the 1.105 level, and the trend appears to be consolidating in this area.
We can observe that EURUSD has been experiencing minimal volatility in recent days, despite a limited downward pressure. This is clearly reflected in the narrowing of the Bollinger Bands. Based on the evaluated factors, both in terms of trend and outlook, it seems that EURUSD is likely to continue its sideways movement throughout the day. In terms of strategy, I anticipate that the pair will experience a further downward adjustment, with a target set at the support level of 1.095 for profit-taking.
Wishing you all successful trades and plenty of profits!
EURUSD has shown a slight recovery today, with trading levels remaining nearly unchanged compared to the same time yesterday. The pair is fluctuating around the 1.105 level, and the trend appears to be consolidating in this area.
We can observe that EURUSD has been experiencing minimal volatility in recent days, despite a limited downward pressure. This is clearly reflected in the narrowing of the Bollinger Bands. Based on the evaluated factors, both in terms of trend and outlook, it seems that EURUSD is likely to continue its sideways movement throughout the day. In terms of strategy, I anticipate that the pair will experience a further downward adjustment, with a target set at the support level of 1.095 for profit-taking.
Wishing you all successful trades and plenty of profits!
Join My Signal Group Now and Unlock Exclusive Benefits:
t.me/+ohw3x1Wd7oU1NGNl
📈 Real-Time Signal Updates
📚 In-Depth Trading Knowledge
💼 Capital Management and Exciting Trading Tips:
t.me/+ohw3x1Wd7oU1NGNl
📈 Real-Time Signal Updates
📚 In-Depth Trading Knowledge
💼 Capital Management and Exciting Trading Tips:
Related publications
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.