empty
 
 
pk
سپورٹ
فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
رقم جمع کروانا / نکلوانا

03.02.202216:11 Forex Analysis & Reviews: EURUSD breaks above medium-term bearish channel.

EURUSD is trading close to 1.14 and has now broken out and above the bearish medium-term channel from the 1.2265 high. EURUSD continues for the fifth day to be positive. Breaking out of the bearish channel is the first step to confirming that a major low is in.

Exchange Rates 03.02.2022 analysis

In Ichimoku cloud terms price has entered the Ichimoku cloud (Kumo) and this implies that trend is now neutral. If bulls manage to break above the cloud resistance at 1.1440, we will have a confirmation by the Ichimoku indicator that trend has turned bullish on a daily basis. EURUSD recent highs at 1.1483 are also very close to the upper cloud boundary. Bulls need to break above this level in order to confirm the end of the decline from 1.2265 and the start of a new upward move. Support is at 1.13. Bulls need to defend this level in order to remain in control of the short-term trend.

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.