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EURUSD, “Euro vs US Dollar” EURUSD has formed a Hammer reversal pattern near the support level on H4. Currently, the instrument is going by the reversal signal in an ascending wave. The pullback target could be the resistance level of 1.0760. However, the price might drop to 1.0680 and continue the downtrend without any correction. […]
EURUSD, “Euro vs US Dollar” EURUSD continues developing a consolidation range around 1.0717. Today the market could extend the range to 1.0750. The correction might continue to 1.0790 (with a test from below). After it will be over, a new link of decline to 1.0680 is expected. This is a local target. After the price […]
TitleEURUSD H4 | Bouncing off support level? TypeBullish Bounce Preference: The price is declining toward our pivot point of 1.06897. A bounce from this level could lead the price to rally toward the 1st resistance at 1.07381 which is an overlap resistance level Alternative scenario:However, if the price breaks below the pivot, it might decline […]
Daily Market Outlook, September 11, 2023 Munnelly’s Market Commentary… Asian equity markets displayed a mixed performance driven by rising yields, triggered by comments from BoJ Governor Ueda. Ueda mentioned the possibility of having enough data by year-end to decide on ending negative interest rates, emphasising a smooth exit strategy. This led to varied outcomes in […]
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In the ever-changing world of financial markets, new trading methods continually emerge. One such trend is social trading, which has gained popularity in recent times. Engaging in social trading, traders have the potential to enhance their overall Forex experience in several ways. Through active participation in online communities and discussion forums, traders have the opportunity […]