Eurusd Analysis – Daily Trades Remain Bullish
Long positions above 1.0430 with targets at 1.0460 & 1.0470 in extension. alternative scenario: below 1.0430 look for more downside with 1.0415 & 1.0400 as targets. the RSI lacks downward momentum. Dont be fooled to take any short positions at least not before the end of the year. Wait to take a better position to jump on the short side. Targets like 1.0500 or even 1.0600 dont mean the downtrend has finished they mean better situation to get short
In Other View Point – EURUSD Short-term Technical Outlook
With the 1.0424 support figure holding and also the previous swing high being taken out we are expecting to see a swift push up into the 1.05 resistance area. there’s official institutional resistance at 1.0507 and 1.052 thus we ar anticipating pending short orders in that zone. A swift push up into the resistance area could trigger such sell orders and a swift sell-off wouldn’t be a surprise. As long as price remains below 1.052 this pair can see further downside. I hope this offers some directional clarity on this pair!
In Another View Point – IEURUSD BEARISH SHARK PATTERN
Here we have a beautiful high chance berish setup a nice bearish shark setup Potential half major price rejection at 1.05000 Potential target 1 at the Minor price at 1.04000