- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- EUR/USD Price Prediction: Bleeds lower towards first target for reversal pattern
EUR/USD Price Prediction: Bleeds lower towards first target for reversal pattern
- EUR/USD continues sliding and making lower lows.
- It has almost reached the first target for the Double Top reversal pattern it completed last month.
EUR/USD bleeds lower after piercing through a long-term trend line. The 50 and 100-day Simple Moving Averages (SMA) also lie broken in its wake. Nothing can stop bears now, or so it seems. The trend is down, and given “the trend is your friend” the odds favor more.
EUR/USD Daily Chart
EUR/USD probably formed a Double Top reversal pattern in August and September. The first downside target for the pattern lies at 1.0872 which has almost been met at the low of the day (1.0885). This equates with the 61.8% Fibonacci extension of the height of the Double Top extrapolated lower (blue shaded rectangle on the chart).
A further target lies at 1.0874, at the (green) 200-day SMA. Another more bearish target lies at 1.0824, generated by the trendline break.
The fact the initial target at 1.0872 has almost been met could mean that bearish momentum will ease off. However, momentum is not oversold yet and a break below 1.0860 would probably suggest more downside towards the target at 1.0824.
Momentum, as measured by the Relative Strength Index (RSI), is mirroring price as it tracks lower, which is a mildly bearish sign.
© 2000-2024. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
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.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
