Day: May 7, 2024

EURUSD, “Euro vs US Dollar” EURUSD has formed a Harami reversal pattern near the resistance level on H4. Currently, the instrument is going by the reversal signal in a descending wave. The decline target could be the 1.0670 support level. However, the price could pull back to 1.0800 and continue its downward momentum after testing […]

EURUSD, “Euro vs US Dollar” EURUSD is testing the signal lines of the indicator. The pair is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Kijun-Sen line at 1.0745 is expected, followed by a rise to 1.0875. An additional signal confirming the rise will be a rebound from the lower […]

EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a downward impulse, reaching 1.0751. The market has corrected to 1.0790 today and is currently developing another decline structure aiming for the local target of 1.0700. After the price reaches this level, a corrective phase is not ruled out, targeting 1.0744. Subsequently, the price could […]

EURUSD “Euro vs US Dollar” EURUSD quotes are below the 200-day Moving Average on D1, indicating a prevailing downtrend. The RSI is testing the resistance line. In this situation, the price is expected to break the 4/8 (1.0772) level and decline to the support at 3/8 (1.0620). The scenario might be cancelled by surpassing the […]