empty
 
 
vi
Hỗ trợ
Mở tài khoản ngay lập tức
Tải nền tảng giao dịch Metatrader
Khởi động WebTrader

17.11.202318:15 Forex Analysis & Reviews: EUR/USD: upside continuation pattern

The EUR/USD pair continues to move sideways in the short term as the Dollar Index is ranging as well. It's located at 1.0883 at the time of writing and it seems determined to extend its growth. The bias is bullish in the short term, so further growth is favored.

Fundamentally, the Eurozone Current Account came in better than expected while Final CPI and Final Core CPI matched expectations. On the other hand, the US Building Permits and Housing Starts came in better than expected but the USD remains bearish after the US reported poor economic data in the last trading session.

EUR/USD Range Formation!

Exchange Rates 17.11.2023 analysis

As you can see on the H1 chart, the currency pair is trapped between the 1.0887 and 1.0831 levels. Escaping from this pattern could bring us new trading opportunities.

After the last rally, a retreat was natural, but the last false breakdown with great separation below 1.0831 announced strong upside pressure. The bias remains bullish as long as it stays above the ascending pitchfork's lower median line (lml).

EUR/USD Outlook!

A new higher high, a bullish closure above today's high of 1.0892 activates further growth and is seen as a bullish signal.

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Ralph Shedler,
Analytical expert of InstaSpot
© 2007-2024
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.

Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.