Bullish scenario:
• We need a new positive consolidation and a break above 1.14000 to say that the EURUSD recovery has begun.
• Then we will have the support of the MA20 moving average, while at 1.14000, we will have the MA50 moving average as a potential obstacle to the bullish trend.
• The next resistance zone is at 1.15000 and above it the next at 1.17000 with additional resistance in the MA200 moving average.
Bearish scenario:
• We need a continuation of this negative consolidation and a break below the bottom line of support.
• A break below 1,11860 will form a new low this year.
• Greater support on the chart awaits us in the zone around 1.10000, the minimum from May last year.
• We need a new positive consolidation and a break above 1.14000 to say that the EURUSD recovery has begun.
• Then we will have the support of the MA20 moving average, while at 1.14000, we will have the MA50 moving average as a potential obstacle to the bullish trend.
• The next resistance zone is at 1.15000 and above it the next at 1.17000 with additional resistance in the MA200 moving average.
Bearish scenario:
• We need a continuation of this negative consolidation and a break below the bottom line of support.
• A break below 1,11860 will form a new low this year.
• Greater support on the chart awaits us in the zone around 1.10000, the minimum from May last year.
𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐁𝐫𝐨𝐤𝐞𝐫𝐚𝐠𝐞 - 𝐒𝐭𝐨𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐅𝐨𝐫𝐞𝐱 𝐍𝐞𝐰𝐬 & 𝐅𝐨𝐫𝐞𝐱 𝐁𝐫𝐨𝐤𝐞𝐫𝐬
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www.FinanceBrokerage.com
t.me/NFT_crypto_news_trading_signals