Warunki handlowe
Narzędzia
Technical Market Outlook:
Since the EUR/USD pair bounce had been capped at the level of 1.0636, the market continues to move lower towards the last weeks low. The oversold market conditions on the Daily time frame chart, indicate the down trend continues and there is no indication of trend termination or reversal just yet. The nearest technical support is located at 1.0469 (weekly low). The bearish market border is located at 1.0755, so there is still a room for bears to try to resume the down trend.
Weekly Pivot Points:
WR3 - 1.0777
WR2 - 1.0708
WR1 - 1.0618
Weekly Pivot - 1.0550
WS1 - 1.0447
WS2 - 1.0338
WS3 - 1.0308
Trading Outlook:
The market is still in control by bears that pushed the price way below the level of 1.0639, so a breakout above this level is a must for bulls for a long-term trend reversal. The up trend can be continued towards the next long-term target located at the level of 1.1186 only if bullish cycle scenario is confirmed by breakout above the level of 1.0726, otherwise the bears will push the price lower towards the next long-term target at the level of 1.0336 or below.
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