On the four-hour chart, EUR/USD seems to have broken the ascending trend line coming from mid-October. Additionally, the Relative Strength Index (RSI) indicator on the same chart dropped below 50, confirming the bearish shift in the near-term outlook.
Currently, EUR/USD is testing the 100-period SMA at 1.1600 and a daily close below that level could open the door for additional losses toward 1.1570 (static level) and 1.1525 (2021 low).
On the other hand, 1.1620 (Fibonacci 23.6% retracement September downtrend, 50-period SMA) aligns as the initial resistance before 1.1650 (200-period SMA) and 1.1670 (Fibonacci 38.2% retracement).
#Signal# #traderoftheweek# #OPINIONLEADER# #USStimulusPackage# #USDollarWeakness# #FlashNews# #Todayanalysis# #insightsboard# #marketoutlook2021# #Knowledge# #ForexForecast#
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
暂无评论。 来发表第一条观点吧。