FX.co ★ Dellchromo | EUR/USD
EUR/USD
As a result, the EURUSD currency pair quotes are not falling very well, yes, yesterday there was a fall to the level of 1.0508, but then there was a rebound and today the 1.0555 mark will be an important level based on the closing prices and it will depend on where this pair will move on the price chart, so it will be necessary to monitor this level today. Thus, in the event of a breakout and prices going above the level of 1.0555, then there will be every chance of continuing the growth, which has every chance to continue to the level of 1.0600 or 1.0620, which will then allow trading on the rise, but if the pair quotes fail to consolidate above the level of 1.0555 and stay below, then there is every chance to see a decline to the level of 1.0500 or below on the price chart. And of course, we managed to remove the targets in the 1.0510 area for EURUSD, but still, we didn’t go even lower than 1.05, at least for now. Personally, it’s hard for me to say who is sitting where, but I saw that there was a platform in the 1.0510 area and we took it. The only sad thing is that it was without me, because we didn’t manage to get a foothold in sales, but that happens too. Personally, I thought that we would go to update the minimum, but so far this hasn’t happened, although the main movement is still the downward movement. And of course, it should be noted that the dollar itself grew quite well yesterday, and today we have a lot of important statistics for the States. In general, the situation is not simple, but I’m still looking in the southern direction. Although I don’t rule out the possibility that we can first go to the 1.0620 area, where I’ll still try to sell.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade