Premium7 768x
View RSS Feed

FinanceGlossy

EUR/USD Price Forecast: oversold market condition

Rate this Entry
by , 05-16-2022 at 12:28 AM (292 Views)
      
   
The Euro looks ahead to important EU economic data releases while facing several headwinds, while EUR/USD tests 2017 lows.

Name:  eurusd-w1-synergy-financial-markets-2.png
Views: 155
Size:  17.6 KB

Weekly price broke 200 SMA for the bearish reversal: the price is located far below 200 SMA in the primary bearish area of the chart and trying to break 1.0471 support level on close weekly bar for the bearish trend to be continuing. But the weekly price is on oversold market condition according to UniRSI indicator, and it is very likely for the price to be bounced from support levels to above for the possible bear market rally to be started.

more...

Submit "EUR/USD Price Forecast: oversold market condition" to Google Submit "EUR/USD Price Forecast: oversold market condition" to del.icio.us Submit "EUR/USD Price Forecast: oversold market condition" to Digg Submit "EUR/USD Price Forecast: oversold market condition" to reddit

Tags: None Add / Edit Tags
Categories
Uncategorized

Comments