empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

01.10.202412:29 Forex Analysis & Reviews: Trading Signals for EUR/USD for October 1-3, 2024: buy above 1.1075 (200 EMA - 21 SMA)

Rilevanza fino a 06:00 2024-10-15 UTC--4

Exchange Rates 01.10.2024 analysis

Early in the American session, EUR/USD is trading around 1.1091. The price is approaching the 200 EMA, showing a strong bearish bias. It could be reaching oversold levels.

In the next few hours, a technical bounce is likely to occur around 1.1086, or around 1.1075, both areas representing an important weekly support.

On the H4 chart, we can see that a double top pattern was formed, this caused a strong bearish trend, breaking the bullish trend channel formed since September 10. Now the instrument is located below this channel. It suggests that with any technical rebound, while trading below 1.1055, the outlook could remain negative.

In the meantime, we could look for opportunities to buy the euro in the next few hours if the price consolidates above 1.1075, with targets at 1.1127 and finally, at 1.1153 (21 SMA).

Technically, the eagle indicator is showing an oversold signal. So, we believe that a technical rebound could occur in the next few hours which could be seen as an opportunity to buy.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Dimitrios Zappas,
Analytical expert of InstaSpot
© 2007-2024
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.