EURUSD
π‘The analysis shown in the chart displays technical analysis of the currency pair EURUSD on the daily frame D1. The price is moving within a descending price channel. Pivot Point (P.P) is the dividing level to determine the upcoming trend.
If the channel breaks up and breaks the pivot point, the price may head towards resistance (R.1). If the decline continues, levels (S.1, S.2, S.3) will be potential support targets. The MACD is showing signs of weakness in the downward momentum, and may indicate a possible bounce soon.
βοΈNot investment advice, for educational purposes only.
If the channel breaks up and breaks the pivot point, the price may head towards resistance (R.1). If the decline continues, levels (S.1, S.2, S.3) will be potential support targets. The MACD is showing signs of weakness in the downward momentum, and may indicate a possible bounce soon.
βοΈNot investment advice, for educational purposes only.
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