EUR/USD at a Crossroads: Testing EMA Support with Bearish Bias
Hello Traders!
EUR/USD is testing the 21-day EMA as a tentative Support, which might indicate a temporary bullish stance within a broader bearish context underscored by the price's position below the 200-day SMA. Immediate resistance is eyed at 1.07992, with a break above potentially signaling a push towards 1.08607.
However, if the pair falls through the support at 1.06713, it could trigger a sell-off targeting the next support at 1.06204. Keep trades aligned with the dominant trend and employ strict risk management, ready to adapt to price action confirmations at these critical levels.
EUR/USD is testing the 21-day EMA as a tentative Support, which might indicate a temporary bullish stance within a broader bearish context underscored by the price's position below the 200-day SMA. Immediate resistance is eyed at 1.07992, with a break above potentially signaling a push towards 1.08607.
However, if the pair falls through the support at 1.06713, it could trigger a sell-off targeting the next support at 1.06204. Keep trades aligned with the dominant trend and employ strict risk management, ready to adapt to price action confirmations at these critical levels.
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。