EUR/USD Daily Chart Analysis For Week of July 28, 2023

Mis à jour
Technical Analysis and Outlook:
During this week's session, the Eurodollar decreased and reached our Mean Support level at 1.100 and lower, which suggests that it may continue to decline toward the Outer Currency Dip of 1.087. It could also rise and retest the Mean Resistance level at 1.109 to eliminate weak long positions. It's essential to consider this upward movement known as a "dead cat bounce."
Transaction en cours
Correction: This statement should read:
It could also rise and retest the Mean Resistance level at 1.109 to eliminate weak SHORT positions. (NOT LONG)
Beyond Technical AnalysiscurrencytradingcurrencywarsecbeconomyeurodollarForexinvestingpriceanalysistradingTrend Analysis

Publications connexes

Clause de non-responsabilité