W1 - Timeframe Analysis
EURUSD pair continues to fluctuate around 1.2130 level, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets testing 1.2171 level initially, reminding you that breaching this level will extend the bullish wave to reach 1.2300.
On the other hand, we should note that breaking 1.2064 and holding below it will stop the expected rise and press on the price to achieve more bearish correction that its next target reaches 1.20.
The expected trading range for today is between 1.2065 support and 1.2220 resistance.
In the next few days we could also see a new bearish movement, also suggested by the current economic conditions that give an optimistic view about future to investors.
Remember, this analysis refers to current market conditions, which may change in the future. The analysis in question is for educational purposes only, and is a personal opinion of the author.
Therefore, the analyzes, published articles and any other information are purely informative and do not in any way constitute financial advice, either individual or collective, nor do they constitute a solicitation of public savings, consequently all the contents listed above and reported below are to be understood as pure and simple personal opinions of the authors and educators, of free interpretation. Each user will use the information provided in this communication under their own responsibility and therefore it is reiterated that the author is relieved of all responsibility, for direct or indirect damages resulting from the use of the information, indications, links and contents. Trading carries a high risk of losing money. Any information is for informational and educational purposes only.
Shared operation does not constitute a guarantee of profits or winnings and the use of each shared input is at the reader risk.
_______
Stefano Leonardi
EURUSD pair continues to fluctuate around 1.2130 level, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets testing 1.2171 level initially, reminding you that breaching this level will extend the bullish wave to reach 1.2300.
On the other hand, we should note that breaking 1.2064 and holding below it will stop the expected rise and press on the price to achieve more bearish correction that its next target reaches 1.20.
The expected trading range for today is between 1.2065 support and 1.2220 resistance.
In the next few days we could also see a new bearish movement, also suggested by the current economic conditions that give an optimistic view about future to investors.
Remember, this analysis refers to current market conditions, which may change in the future. The analysis in question is for educational purposes only, and is a personal opinion of the author.
Therefore, the analyzes, published articles and any other information are purely informative and do not in any way constitute financial advice, either individual or collective, nor do they constitute a solicitation of public savings, consequently all the contents listed above and reported below are to be understood as pure and simple personal opinions of the authors and educators, of free interpretation. Each user will use the information provided in this communication under their own responsibility and therefore it is reiterated that the author is relieved of all responsibility, for direct or indirect damages resulting from the use of the information, indications, links and contents. Trading carries a high risk of losing money. Any information is for informational and educational purposes only.
Shared operation does not constitute a guarantee of profits or winnings and the use of each shared input is at the reader risk.
_______
Stefano Leonardi