The EUR/USD pair continues to form an upward pattern. Here, the Weekly Control Zone 1.1379-1.1362 remains the upward target. Any downward movement is a correction.
Yesterday, favorable prices to buy the instrument were received. The defining support remains the WCZ 1/2 1.1243-1.1235. If the decline continues, the most favorable prices for purchasing this currency pair will be obtained within this zone. There is an 80% probability of updating the weekly high, so long positions should be a priority for the next two days.
It is worth noting that the weekly control zone coincides with a significant November extreme, so it is necessary to record most of the purchases during its test. Testing this zone will also increase the probability of resuming the decline, so a sell pattern within it will be a profitable opportunity to open a sale.
The material has been provided by InstaForex Company - www.instaforex.comfrom RobotFX
GBP/USD 5M Analysis On Thursday, GBP/USD stayed in a tight range, reflecting a market pause. There were no significant economic releases f...
EUR/USD 5-Minute Analysis On Wednesday, the EUR/USD pair saw another significant decline. Although not as pronounced as the drop in GBP/US...
USD/JPY: Price Analysis and Forecast. Japanese Yen Attracts Sellers Amid Concerns About Japan's Fiscal Prospects On Thursday, the Japane...
On Tuesday, the EUR/USD pair formed a clear rebound from the 76.4% corrective level at 1.1517, reversed in favor of the euro, and rose towa...
EUR/USD Analysis on July 10, 2025 The wave pattern on the 4-hour EUR/USD chart has not changed for several consecutive months. The formation...
Today, gold is trading within its familiar four-day range, finding support at the 100-period Simple Moving Average (SMA) on the 4-hour ...
Trade analysis and recommendations for trading the British pound The test of the 1.3130 price level occurred when the MACD indicator had al...
Download NOW!
No comments:
Post a Comment