FX:EURUSD This chart presents three speculative scenarios for the EUR/USD 1-hour timeframe. Please note that these are purely speculative and not guaranteed outcomes: Scenario 1 (Downtrend Continuation): If the price fails to hold support around the current level, we could see a further decline, as indicated by the green arrow. This would suggest a bearish...
The chart suggests a few key points about EUR/USD: What is the Yield Spread? The yield spread is simply the difference between the interest rates (or yields) of two different bonds, usually from different countries or types of bonds. For example, in this analysis, we’re looking at the yield spread between German 10-year bonds and U.S. 10-year bonds. If the U.S....
FX:EURUSD 💡 Looking at the EUR/USD pair on the daily chart (D1), several technical signals suggest a potential bullish reversal might be on the horizon. Here are the key points: RSI Near Oversold Levels 📉: The RSI is sitting at 31.89, very close to the oversold threshold of 30. This indicates that the market could be oversold, with selling pressure...
FX:EURUSD Analysis of the Chart: Overall Trend: There’s a clear downtrend after a peak around the 1.1250 level. The pair has broken below key supports, indicating a bearish movement, with some signs of consolidation at the current level. Fibonacci Retracement: A Fibonacci retracement is applied from a previous high to the current low of the bearish move,...