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EURUSD scale H4
We see uncertainty about the movement of the euro. It is possible to break up from the range and trend up.
But it is also possible to fall below 1.1230 and move down.
Is it possible to say something about the potential?
At the moment, the situation is determined by the prospects of the dollar:
USDX - dollar index, daily chart.
Here we see a clear upward trend. Yes, there is a stop - and even under certain conditions (the foundation), a deep correction is possible.
Thus, we should look at the movement of the dollar index - if we receive a signal for the euro to exit the range. The logic is this: if we see the beginning of a correction for the dollar (the dollar index is falling strongly and going down out of the range), there is a prospect of a trend for the euro upward.
If the euro gives a signal to go up - but the dollar index remains in the range or even grows - most likely, the upward movement in the euro is either false - or does not have much potential.
If the euro goes down out of the range - and the dollar goes up out of the range - this is a strong trend signal - for the euro to go down.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
