Is the EurUsd finishing its signal or is it an inversion?
The EurUsd started the week with an opening gap suggesting a beginning of a rally. Nonetheless, many obstacles would calm the parity's momentum, as the blue trend line, the orange trend line, and its EMAs will be challenging resistances.
The triangle figure is still valid until the EurUsd breaks through 1.12375, at least. If it does so, it suggest an inversion of the trend and a rally laying ahead with 1.1313 as a primary objective. If the current correction fails to cancel the triangle figure, the slide will have 1.0994 as an objective.
Currently, the EurUsd should break through 1.11955 level to cancel any upcoming slide. In this case 1.1206 will be the target. Otherwise, 1.0994 will be the objective.
The daily Pivot Point is around 1.1141. The Parity opened above its PP, suggesting the trend is bullish. The EurUsd's daily support levels are around 1.10939 and 1.10429. Its daily resistance levels are around 1.11921 and 1.12393.
The triangle figure is still valid until the EurUsd breaks through 1.12375, at least. If it does so, it suggest an inversion of the trend and a rally laying ahead with 1.1313 as a primary objective. If the current correction fails to cancel the triangle figure, the slide will have 1.0994 as an objective.
Currently, the EurUsd should break through 1.11955 level to cancel any upcoming slide. In this case 1.1206 will be the target. Otherwise, 1.0994 will be the objective.
The daily Pivot Point is around 1.1141. The Parity opened above its PP, suggesting the trend is bullish. The EurUsd's daily support levels are around 1.10939 and 1.10429. Its daily resistance levels are around 1.11921 and 1.12393.
