empty
 
 
19.08.2022 08:17 PM
Is EURUSD 0.97 next?

This image is no longer relevant

Red lines - bearish channel

Blue lines- bullish RSI divergence

EURUSD is trading to new short-term lower lows and approaching parity once again. The chart confirms trend remains bearish in the medium and long-term. The short-term was recently changed to bearish with the break below 1.0285. As we mentioned in previous posts, the Ichimoku cloud indicator did not change short-term to bullish and remained bearish despite the bounce above 1.03. We mentioned in our analysis that we still considered this bounce only as a counter trend move and selling opportunity. If EURUSD will reach the blue line where the recent lows are connected, we should expect to see it around 0.98-0.97. If the lower channel boundary is to be reached, then we should expect much lower levels towards 0.90. Despite that, we see a glimpse of hope for bulls by the RSI that has already provided us with a higher low. This bullish divergence is no reversal signal, only a warning as we have said many times before. It is very probable that we will see new lows in EURUSD and the RSI will provide another bullish divergence. As long as price is below 1.0350 medium-term trend remains bearish. It is too early to talk about 0.90, but 0.97-0.98 is very probable to be seen during Autumn.

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $6000 lebih banyak!
    Pada Desember kami mengundi $6000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback