-TRENDS Court terme: STRONGLY BEARISH De fond: BEARISH -TECHNICAL INDICATORS BULLISH33% BEARISH 33% NEUTRAL 33% -MY OPINION BEARISH UNDER 1.1201 USD -MY TARGETS 1.1161 USD (-0.27%) 1.1132 USD (-0.53%) -MY ANALYSIS In the short term, we can see an acceleration in the bearish trend on EUR/USD, which is a positive signal for sellers. As long as the price remains above 1.1201 USD, a sale could be considered. The first bearish objective is located at 1.1161 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.1132 USD as an objective. Crossing it would then enable sellers to target 1.1096 USD. If the price were to return above 1.1201 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky. -Technical A technical analysis in 1H of this EUR/USD chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Indicators scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.