EUR/USD Retreats from 1.1000: Technical Signals Point
EUR/USD Retreats from 1.1000: Technical Signals Point to a Retracement
The EUR/USD pair, after reaching its highest level since August, experiences a pullback below the key psychological level of 1.1000 during the early European session on Wednesday. The US Dollar (USD) manages a modest recovery from its near four-month low, creating a headwind for spot prices as the market shows slightly overbought conditions on the daily chart.
From a technical perspective this morning, the price displays a divergence in the RSI on the H1 timeframe. Despite a fake breakout attempt to surpass 1.1000, the price is now positioned for a potential retracement, targeting the 50% Fibonacci zone from the previous swing low.
Our preference
Below 1.10400 look for further downside with 1.0960 & 1.0930 as targets.
The EUR/USD pair, after reaching its highest level since August, experiences a pullback below the key psychological level of 1.1000 during the early European session on Wednesday. The US Dollar (USD) manages a modest recovery from its near four-month low, creating a headwind for spot prices as the market shows slightly overbought conditions on the daily chart.
From a technical perspective this morning, the price displays a divergence in the RSI on the H1 timeframe. Despite a fake breakout attempt to surpass 1.1000, the price is now positioned for a potential retracement, targeting the 50% Fibonacci zone from the previous swing low.
Our preference
Below 1.10400 look for further downside with 1.0960 & 1.0930 as targets.
Trade fermée: cible de profit atteinte
✅ TELEGRAM CHANNEL: t.me/+VECQWxY0YXKRXLod
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🔥 ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: instagram.com/forexn1_com/
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🔥 ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: instagram.com/forexn1_com/
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
✅ TELEGRAM CHANNEL: t.me/+VECQWxY0YXKRXLod
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🔥 ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: instagram.com/forexn1_com/
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🔥 ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: instagram.com/forexn1_com/
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.