EURUSD tehnikal analysis

[Benhaniff]

eurusd will go down for today..

 

[radex78]

EURUSD today price 1.06531, the price drops continue previous drops.

The daily timeframe shows the price now touches MA 12 which here act as dynamic support resistance, which means now the price according to MA move at the support zone, but two possibilities of breakout or rejection on this line. while the price is still above the middle band line, here becomes the next support level, while RSI level 48 indicates a downtrend, stochastic level 30 indicates a downtrend too.

Hourly timeframe, the price now in a consolidation phase after the price drops heavily, Bollinger band line expanding means increase volatility, the price below MA 12 means downtrend based indicator. RSI level 36 downtrend, stochastic level 52 slope down.

Forex and CFDs are complex instruments and come with a high risk of losing
your money.

FXOpen is a global forex and CFD broker, with a network of worldwide brokerages regulated by the FCA, CySEC, and ASIC. FXOpen offers ECN, STP, Micro, and Crypto trading accounts (dependent on the entity).

 

[radex78]

EURUSD price today 1.07476, the price move to rise after a drop in the previous session, now the price formed new high formed bulls candle.

Daily timeframe, EURUSD price show above MA 12 line and middle band line indicates the current trend is an uptrend, while price still below upper band line, RSI indicator show level 52 indicates uptrend based theory, while stochastic level 56 slope up indicates uptrend at the moment.

Hourly timeframe, the price now consolidation below upper band line, while Bollinger band expanded as increase volatility, and price still above MA 12 with line indicates an uptrend, RSI level 65 near overbought zone level, stochastic level 82 indicates overbought zone level.

Forex and CFDs are complex instruments and come with a high risk of losing
your money.

FXOpen is a global forex and CFD broker, with a network of worldwide brokerages regulated by the FCA, CySEC, and ASIC. FXOpen offers ECN, STP, Micro, and Crypto trading accounts (dependent on the entity).

 

[radex78]

Monday morning, EURUSD pair no gap occurs even look on low timeframe, now the price 1.07254, the pair usually has positive correlation with EURJPY, but at the present market, the correlation is so much different, where EURJPY tend bullish strong, but EURUSD weak bullish.

The daily timeframe the price above MA 12 indicates an uptrend, and price move between the upper band and middle band, RSI level 51 indicates uptrend based theory, stochastic level 65 slope up indicates uptrend not reach overbought zone level based indicator.

The hourly timeframe the price below MA 12 indicates a downtrend, while the price movement between the lower band and middle band, RSI level 49 indicates downtrend, stochastic level 65 slope up indicates the uptrend.

Forex and CFDs are complex instruments and come with a high risk of losing
your money.

FXOpen is a global forex and CFD broker, with a network of worldwide brokerages regulated by the FCA, CySEC, and ASIC. FXOpen offers ECN, STP, Micro, and Crypto trading accounts (dependent on the entity).

 

[radex78]

EURUSD today price 1.06681, the price formed bears candle on yesterday market

The daily timeframe show the price near MA 12 line but still above the line indicating an uptrend market get pressure from the seller and try to push down, while the price still move between the upper band and middle band line, with the Bollinger band line still expanding. RSI Level show 49 indicates downtrend based theory, stochastic level 52 slope down indicates a downtrend

Hourly timeframe, the price below MA 12 line, and middle band line indicates downtrend based indicator, while Bollinger band line expanding means increase volatility, RSI level show 38 indicates downtrend, stochastic level 45 slope down indicates a downtrend.

Forex and CFDs are complex instruments and come with a high risk of losing
your money.

FXOpen is a global forex and CFD broker, with a network of worldwide brokerages regulated by the FCA, CySEC, and ASIC. FXOpen offers ECN, STP, Micro, and Crypto trading accounts (dependent on the entity).

 

[radex78]

EURUSD today price 1.06986, the price still hard to rise and tend to form a reversal pattern on the daily timeframe.

Daily timeframe, the price move on trading range 1.0800 and 1.0600, where the price now above MA12 indicates uptrend based indicator, while Bollinger band still looks expanded means high volatility, RSI level 50 giving the neutral trading signal, while stochastic 48 indicates a downtrend.

Hourly timeframe, the price above MA12 and middle band line indicates uptrend based indicator, and price move between the upper band and middle band line, with Bollinger band line, expand. RSI level 49 indicates a downtrend-based indicator, and stochastic level 42 indicates a downtrend.

Forex and CFDs are complex instruments and come with a high risk of losing
your money.

FXOpen is a global forex and CFD broker, with a network of worldwide brokerages regulated by the FCA, CySEC, and ASIC. FXOpen offers ECN, STP, Micro, and Crypto trading accounts (dependent on the entity).

 

[radex78]

EURUSD today price 1.07167, the price trying to head up from the previous low of 1.06709.

The daily timeframe shows the price now moving above MA 12 line indicates an uptrend based indicator, while the price is also above the middle band line in the trading range daily, the trend is so weak, RSI level 50 indicates neutral trading signal based indicator, Stochastic level 57 slope up indicates uptrend

Hourly timeframe, the price in consolidation, crinkle on MA 12 and middle band line, although Bollinger band expand, correction time make two possibilities of the price, RSI level 51 indicates an uptrend, stochastic level 46 slope up indicates uptrend

Forex and CFDs are complex instruments and come with a high risk of losing
your money.

FXOpen is a global forex and CFD broker, with a network of worldwide brokerages regulated by the FCA, CySEC, and ASIC. FXOpen offers ECN, STP, Micro, and Crypto trading accounts (dependent on the entity).

 

[radex78]

EURUSD today price 1.06183, the price drops and formed bearish candle with long bocy candle, means decline pair is large.

Key point EURUSD's success to break low and formed a new low after on several days market in consolidation trying to break high 1.0798 but still fail to break.

Daily timeframe, show the price crosses MA 12 from top to bottom line, which means transition trend based indicator from uptrend to downtrend, the price also success to cross middle band line, and now a movement of price in the middle band and lower band line, with Bollinger band starting to narrow. RSI level 45 indicates a downtrend, and stochastic level 18 indicates an oversold zone level.

Hourly timeframe,the price far below MA 12 means strong downtrend occurs in spike price movement, in last few hours the price now in consolidation, RSI level 31 near oversold zone level, stochastic level 30 slope up indicates out from oversold zone level.

EURUSD prediction, support zone level near lower band line and resistance near upper band line.

Forex and CFDs are complex instruments and come with a high risk of losing
your money.

FXOpen is a global forex and CFD broker, with a network of worldwide brokerages regulated by the FCA, CySEC, and ASIC. FXOpen offers ECN, STP, Micro, and Crypto trading accounts (dependent on the entity).

 

[radex78]

EURUSD today price 1.05037, the price decline heavily on last week, two candles bearish indicates strong bearish occurs on this pair.

Daily timeframe, the ; price now below MA 12 line and middle band line near lower band line,, this may act as support zone level, however increasing trading volume can lead the price even dropping further, RSI level 41 indicates downtrend, stochastic level 3 indicates price in the oversold zone-based indicator.

Hourly timeframe, Bollinger band line expanding means increase volatility in the market, the price now below MA 12 line very far, means downtrend strong occurs. RSI level 21 indicates the price n oversold zone level based indicator, while stochastic level 14 also indicates the price n oversold zone level based indicator.

Forex and CFDs are complex instruments and come with a high risk of losing
your money.

FXOpen is a global forex and CFD broker, with a network of worldwide brokerages regulated by the FCA, CySEC, and ASIC. FXOpen offers ECN, STP, Micro, and Crypto trading accounts (dependent on the entity).

 

[radex78]

EURUSD today price 1.04137, the price still continues to drops from yesterday market.

Daily timeframe now in pair EURUSD the price break lower band and now outside from the lower band line, while Bollinger band line start to expand means increase volatility, RSI level 38 indicates downtrend based indicator. while stochastic level 3 indicates an oversold zone level.

Hourly timeframe,. we can see price below MA 12 and the middle band line show current is a downtrend, while the Bollinger band line slope down indicates a downtrend still ongoing, RSI level 31 trying to out from the oversold zone level, while the stochastic level 19 still in the oversold zone level.

Forex and CFDs are complex instruments and come with a high risk of losing
your money.

FXOpen is a global forex and CFD broker, with a network of worldwide brokerages regulated by the FCA, CySEC, and ASIC. FXOpen offers ECN, STP, Micro, and Crypto trading accounts (dependent on the entity).