empty
 
 
pk
سپورٹ
فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
رقم جمع کروانا / نکلوانا

25.11.202113:38 Forex Analysis & Reviews: EURUSD | when will the fall end?

The EURUSD pair has been falling in price against the US dollar for a long time. This momentum already has a long-term level. When can we expect the end of the downward momentum?

If we are guided by the expiration of the quarterly futures contract, then the best time for a reversal will be the week after December 13. Switching to a new contract, as a rule, increases interest in opening opposite positions for hedging risks. This may be the reason for the formation of the first level of reversal on the D1 timeframe. So far, it is not worth considering the pair's growth as a reversal movement, even if the euro strengthens by 1-2%. It is better to use these prices to search for a sell pattern since, before a strong reversal, a false breakout in the direction of the current momentum always follows.

A significant medium-term resistance so far is the weekly short-term zone of 1.1379-1.1362. Going beyond the average course of the current month increases the probability of the formation of a corrective upward model. It is growth that will be the key to finding favorable selling prices towards long-term momentum.

The probability of a complete reversal from the current levels without the formation of the model discussed above is 20%.

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.