Condizioni di trading
Strumenti
Early in the American session, the euro is trading around 1.1320 within the uptrend channel formed on the H4 chart since May 9 and showing signs of exhaustion.
If the euro continues its bullish cycle, we could expect a break and consolidation above 1.1354, then it could reach the 7/8 Murray level at 1.1475.
Technically, we observe that the euro is overbought, and the chart shows a small secondary downtrend channel, which will be viewed as a selling opportunity in the coming days.
The euro could attempt to recover in the coming hours as we see a small technical rebound. However, it faces strong resistance around 1.1354. Below this area, any technical rebound will be viewed as a selling opportunity, with short-term targets around the psychological level of 1.1000.
A sharp break of the uptrend channel and consolidation below the 6/8 Murray level could confirm the next bearish move and could fill the gap left at 1.1162 and even reach the 5/8 Murray level at 1.0986.
Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.
