Day: October 24, 2023

EURUSD, “Euro vs US Dollar” EURUSD quotes are below the 200-day Moving Average on H4, revealing the prevalence of a downtrend. The RSI has rebounded from the resistance line. In this situation, a downward breakout of the 1/8 (1.0559) level is expected, followed by a decline to the support at 0/8 (1.0498). The scenario can […]

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TitleGBPJPY H4 | Bearish reversal off 78.6% fibo? TypeBearish Reversal Preference: Price could retest the pivot point at 182.32, which is a swing high resistance level, aligning with the 78.6% fibo projection. Price could fall to the 1st support level at 181.36, which is a swing low support level. Alternative scenario:If price breaks above the […]