EURUSD ANALYSIS OVER H1 CHART.
"Euro vs. US Dollar," EUR/USD
A bounce off the Tenkan-Sen line is seen in EUR/USD. There appears to be a downward trend as the pair is heading below the Ichimoku Cloud. It is anticipated that there will be a test of the Double Top reversal pattern's bottom limit at 1.0780, followed by a drop to 1.0645. An further indicator that would validate the decline would be a rebound from the upper bound of the bearish channel. A breakthrough of the Cloud's upper limit, with the price securing above 1.0895 and pointing to a further advance to 1.0985, might invalidate the scenario.
Looking for short term buying opportunities in it.
A bounce off the Tenkan-Sen line is seen in EUR/USD. There appears to be a downward trend as the pair is heading below the Ichimoku Cloud. It is anticipated that there will be a test of the Double Top reversal pattern's bottom limit at 1.0780, followed by a drop to 1.0645. An further indicator that would validate the decline would be a rebound from the upper bound of the bearish channel. A breakthrough of the Cloud's upper limit, with the price securing above 1.0895 and pointing to a further advance to 1.0985, might invalidate the scenario.
Looking for short term buying opportunities in it.
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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.