Technical Analysis: EURUSD is well-set for 1.1500 on NFP day
Having failed to sustain the early October bounce, EURUSD bears are on the way to testing the March 2020 high near the 1.1500 threshold on the day of the US Nonfarm Payrolls (NFP) release. It should be noted, though, that the lower line of a five-month-old falling wedge, around 1.1450 at the latest, will take the help of the RSI conditions to rebound. Hence, the pair bears are in full swing but the room to the downside is limited.
Alternatively, recovery moves remain unimportant before crossing a convergence of the 50-DMA and the wedge’s upper line, around 1.1685. A daily closing beyond the same will confirm a bullish chart formation, suggesting an upswing towards a theoretical target surrounding 1.2300. However, tops marked during September and late June, respectively around 1.1910 and 1.1980, as well as the 1.2000 psychological magnet, will offer intermediate halts.
Alternatively, recovery moves remain unimportant before crossing a convergence of the 50-DMA and the wedge’s upper line, around 1.1685. A daily closing beyond the same will confirm a bullish chart formation, suggesting an upswing towards a theoretical target surrounding 1.2300. However, tops marked during September and late June, respectively around 1.1910 and 1.1980, as well as the 1.2000 psychological magnet, will offer intermediate halts.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。