This article presents an in-depth analysis of euro’s technical outlook, covering EUR/USD, EUR/GBP, and EUR/JPY. It provides valuable insights into price action dynamics, highlighting key levels to wat
We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.Oct 7, 20232023-10-06 19:00:08Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading...has descended towards the 1.0600 threshold. This critical support zone is defined by the March 2020 lows and aligns with the 38.
On the flip side, if sentiment improves and turns in favor of buyers, a rebound could gain some momentum. In this scenario, initial resistance lies near the psychological 1.0900 mark. While taking out this barrier could prove challenging for the bulls, a successful breakout could reinforce upward impetus, paving the way for a rally toward the 2023 high located around 1.1275.has been in a sustained uptrend since May 2020, making impeccable higher highs and higher lows during its bull run.
Conversely, if sellers regain the upper hand and spark a firm rejection of the 160.00 handle, the first line of support is positioned at 153.40, and 151.50 thereafter. In the event of a breakout, the bears could become emboldened to initiate an attack on 148.50, followed by 145.60, the latter level corresponding to the lower limit of an ascending channel that has been in place for about 19 months.plunged to fresh 2023 lows in August, but eventually found support around the 0.
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