EUR/USD Price Analysis: Bears lurking below key trendline support EURUSD Currencies Fed ECB
shows a tweezer top, a bearish formation that would be expected to be followed by lower highs and lower closes for the week ahead, especially givent he bears are on on the backside of teh bullish trend.The 4-hour chart shows the price reaching out of the falling wedge, but the advance has been capped:
The M-formation is a topping pattern and a retest of the neckline could be on the cards prior to the next significant downside continuation for the days ahead. Information 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.
AUD/USD Price Analysis: Bears could be about to pounceThe Australian dollar traded around 30 pips on either side of around 0.67 the figure vs. the greenback on Friday and ended the month little changed, i
Read more »
Pairs in Focus This Week \u2013 EUR/USD, GBP/USD, USD/JPYGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of April 2nd, 2022 here.
Read more »
Price analysis 3/31: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTCExpectations that the Fed may start cutting rates before the year end has Bitcoin bulls gearing up to propel BTC price above $30,000.
Read more »
Bitcoin (BTC) Price Analysis for April 1Can BTC reach the $30,000 mark next week? NickSzabo4 alistairmilne Maybemore_DC WhalePanda maxkeiser
Read more »
DOGE Price Analysis for April 1Can DOGE reach the $0.08 mark soon? kawaii_crypto JRossNicoll ummjackson coinok CryptoBaeTrader
Read more »
XRP Price Analysis for April 2Can buyers keep the rate of XRP above the $0.50 mark? XrpYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie boncryp
Read more »