EUR/USD Price Analysis: Bears attacking the bullish H4 trendline support EURUSD Technical Analysis DollarIndex
The analysis highlighted the downside risks as illustrated above. The price has since stalled and is on track for a re-test of 1.0780s and lower towards 1.0700. However, the bears need to break trendline support on the lower time frames, such as the 4-hour chart as follows:
The M-formation is compelling in this regard. the neckline needs to hold for the open this week to reaffirm the bearish bias and prospects of a break of the trendline and downside potential for theInformation on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Weekly Forex Forecast \u2013Gold, EUR/USD, USD/JPY, AUD/USDThe difference between success and failure in Forex / CFD trading is highly likely to depend mostly upon which assets you choose to trade each week.
Read more »
EUR/USD: Weekly Forecast 15th January - 21th JanuaryUntil mid-Thursday of last week the GBPUSD traded in a rather consolidated manner, but the quiet speculative landscape disappeared and the currency pair began producing vicious moves- Forex Trading Forecast
Read more »
USD/CAD Price Analysis: Stalled its rally at the 100-DMA, dropped beneath 1.3400The USD/CAD prolonged its weekly losses and tumbled for the fourth consecutive week, losing 0.36%, but on the day, the USD/CAD is up 0.22%. After the
Read more »
Bitcoin (BTC) Price Analysis for January 14Can BTC remain above $20,000 for a long time? NickSzabo4 alistairmilne Maybemore_DC WhalePanda
Read more »
Cardano (ADA) Price Analysis for January 14Can ADA get to the $0.38 zone by the end of the month? CardanoStiftung ADAcoin_ Cardano cardano Cardano_ emurgo_io
Read more »
DOGE and SHIB Price Analysis for January 15Can DOGE and SHIB remain bullish despite the correction? Dogecoin dogecoin jasdoge DogecoinMemes RacerDoge crypto cryptocurrency doge
Read more »