Nigeria
2025-01-31 17:39
IndustriEUR/USD ANALYSIS
The EUR/USD currency pair, the general trend is still downward, and according to the performance on the daily chart, rebound attempts upwards are still weak and prone to rapid collapse, as we predicted before. Furthermore, we confirm this view until investor confidence returns in the recovery of the Eurozone and fears of Trump's trade wars recede. In general, breaking the general downward trend of the euro-dollar requires first moving towards the resistance levels of 1.0560 and 1.0630, respectively. Currently, the direction of the Relative Strength Index is still bearish, and the Stochastic Oscillator is in the beginning of a limited upward shift.
On the other hand, and over the same period of time, if the bears return the Euro Dollar pair to the perimeter and below the support level of 1.0330, this will end hopes of rebounding upwards, and the bears will begin a stronger downward journey
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EUR/USD ANALYSIS
The EUR/USD currency pair, the general trend is still downward, and according to the performance on the daily chart, rebound attempts upwards are still weak and prone to rapid collapse, as we predicted before. Furthermore, we confirm this view until investor confidence returns in the recovery of the Eurozone and fears of Trump's trade wars recede. In general, breaking the general downward trend of the euro-dollar requires first moving towards the resistance levels of 1.0560 and 1.0630, respectively. Currently, the direction of the Relative Strength Index is still bearish, and the Stochastic Oscillator is in the beginning of a limited upward shift.
On the other hand, and over the same period of time, if the bears return the Euro Dollar pair to the perimeter and below the support level of 1.0330, this will end hopes of rebounding upwards, and the bears will begin a stronger downward journey
#firstdealofthenewyearFateema
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