EUR/USD-Daily analysis
Hello everyone!
-On a daily chart, we can see a strong bullish movement that is because EUR is way stronger than USD.
-I expect further bullish movement until the price reaches the resistance area and then I can decide what to do next.
-In the past resistance, the area had multiple rejections in that area so I consider that as a solid resistance area.
-On a stochastic indicator, we can see that the price is floating in an overbought area(+85 level).
-On a daily base, EUR is stronger than USD and on a weekly base, EUR is very strong and USD is very weak. If the EUR remains stronger than USD we can expect further bullish movement and if USD gains some power and EUR loses its power then we can expect bearish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a daily chart, we can see a strong bullish movement that is because EUR is way stronger than USD.
-I expect further bullish movement until the price reaches the resistance area and then I can decide what to do next.
-In the past resistance, the area had multiple rejections in that area so I consider that as a solid resistance area.
-On a stochastic indicator, we can see that the price is floating in an overbought area(+85 level).
-On a daily base, EUR is stronger than USD and on a weekly base, EUR is very strong and USD is very weak. If the EUR remains stronger than USD we can expect further bullish movement and if USD gains some power and EUR loses its power then we can expect bearish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
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.
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.