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EURUSD Technical Analysis

On the daily chart below, we can see that we have a strong downtrend in the EURUSD pair. The possible major double top at the 1.1033 high has the neckline at the 1.0533 level, which is at the moment the target for the sellers. The price is now stalling at a key support level at the 1.07 handle though and we may get a bounce first before another selloff later on. The moving averages are clearly pointing downwards, and we can see that on the daily chart the sellers always leant on the blue 8 perio... Read More

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Content Topics

Eurusd

Technical

Analysis

Forex

Posted: May 30 2023, 08:46

Author Name: forexlive

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