radex78
Active+ Member
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- Nov 22, 2014
- Messages
- 2,975
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EURUSD today's price is 1.07327 based on MT4 terminal FXOpen. Yesterday the price formed a bullish candle with a shadow at the bottom candle.
EURUSD has negative correlation with EURJPY recently, we can see the major trend EURUSD in bearish sentiment, while EURJPY in bullish sentiment.
In the daily timeframe, EURUSD still moves below MA 20 and the middle band line, which means still in a downtrend market based two indicators. Here we can see the Bollinger band draws a wide range which means the market in high volatility. Meanwhile, the RSI indicator shows level of 36 which means the price is below the downtrend zone level.
In the H1 timeframe, EURUSD now moves above MA 20 and the middle band line, the price tries to reach the upper band line that worked as dynamic resistance at roughly 1.07472. Meanwhile, the RSI level shows 37 which means the price is below the downtrend zone level.
Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
EURUSD has negative correlation with EURJPY recently, we can see the major trend EURUSD in bearish sentiment, while EURJPY in bullish sentiment.
In the daily timeframe, EURUSD still moves below MA 20 and the middle band line, which means still in a downtrend market based two indicators. Here we can see the Bollinger band draws a wide range which means the market in high volatility. Meanwhile, the RSI indicator shows level of 36 which means the price is below the downtrend zone level.
In the H1 timeframe, EURUSD now moves above MA 20 and the middle band line, the price tries to reach the upper band line that worked as dynamic resistance at roughly 1.07472. Meanwhile, the RSI level shows 37 which means the price is below the downtrend zone level.
Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.