EURUSD forecast bearish after current account surplus miss
Ringkasan Analisis Teknikal EUR/USD: Sell
| Penunjuk | Nilai | Isyarat |
| RSI | berkecuali | |
| MACD | Sell | |
| Donchian Channel | Sell | |
| MA(200) | Sell | |
| Fractals | berkecuali | |
| Parabolic SAR | Sell |
Analisis carta
The technical analysis of the EURUSD price chart on 1-hour timeframe shows EURUSD: H1 is retracing down following a rebound from forty-day low it hit yesterday under the 200-period moving average MA(200) which is falling. We believe the bearish momentum will continue after the price breaches below the lower bound of the Donchian channel at 1.1758. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 1.1788. After placing the order, the stop loss is to be moved to the next fractal high, following Parabolic signals . Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Analisis Asas bagi -
Euro zone current account surplus declined in July. Will the EURUSD price continue rebounding?
Euro zone current account surplus declined in July. The European Central Bank reported euro zone current account surplus declined to 21.6 billion euro in July from 21.8 billion in June, when an increase to 22.3 billion was expected. This is bearish for EURUSD.