- Analytics
- News and Tools
- Market News
- EUR/USD Price Analysis: Bears eye 1.1330/50 for the days ahead
EUR/USD Price Analysis: Bears eye 1.1330/50 for the days ahead
- AUR/USD bears eye a trip to the 38.2% ratio for the coming sessions
- Bulls need to hold the fort on the hourly time frame.
EUR/USD bulls have been trying to hold the fort but the downside is opening up, slowly. The US key event in the Consumer Price Index will be critical in this regard and it could be a slow grind into the event at this point. Nevertheless, there are bearish short-term structures that are noted on the hourly chart that guards the bigger picture's downside prospects as follows:
EUR/USD daily chart
The bears look for a move to the old resistance looking left which has a confluence with the 38.2% ratio near to the 1.1350 level. From a lower time frame perspective, the bears can look for bearish structure as follows:
EUR/USD H1 chart
A break of the trendline support and should te horizontal support around 1.14 the figure proves robust on a retest, 1.1330 is a compelling hourly old swing high that could be targeted.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
