Skip to content 
EUR/USD’s decline continued to stall above 1.0199 fibonacci level last week. Initial bias stays neutral this week first. But outlook will remain bearish as long as 1.0435 resistance holds. Decisive break of 1.0199 will resume the whole fall from 1.1213 to 61.8% projection of 1.1213 to 1.0330 from 1.0629 at 1.0083.
In the bigger picture, fall from 1.1274 (2023 high) should either be the second leg of the corrective pattern from 0.9534 (2022 low), or another down leg of the long term down trend. In both cases, sustained break of 61.8 retracement of 0.9534 to 1.1274 at 1.0199 will pave the way back to 0.9534. For now, outlook will stay bearish as long as 1.0629 resistance holds, even in case of strong rebound.
In the long term picture, down trend from 1.6039 remains in force with EUR/USD staying well inside falling channel, and upside of rebound capped by 55 M EMA (now at 1.0973). Consolidation from 0.9534 could extend further and another rising leg might be seem. But as long as 1.1274 resistance holds, eventual downside breakout would be mildly in favor.
Source link
#EURUSD #Weekly #Outlook #Action #Forex
top altcoins, Ethereum alternatives, new cryptocurrencies
crypto trading bots, automated trading strategies, AI in cryptocurrency
Bitcoin mining, Ethereum mining, best crypto mining hardware
Bitcoin news, cryptocurrency latest news, blockchain updates
best crypto wallets, secure Bitcoin wallets, multi-currency wallets reviews
blockchain technology, fintech innovations, decentralized finance (DeFi)
crypto market analysis, Bitcoin price prediction, Ethereum forecast
cryptocurrency predictions, Bitcoin price forecast, crypto trends 2024, crypto trends 2025
live Bitcoin prices, crypto price updates, Ethereum price report
how to trade cryptocurrency, crypto trading strategies, beginner crypto trading
Welcome to “Cryptocurrency Trading,” your comprehensive destination for the latest news and analysis in the world of **cryptocurrencies** and **currency trading**. We provide rich content focused on **market analysis**, **trading strategies**, and **emerging technologies** that impact the **cryptocurrency market**. Join us to discover the **best investment opportunities** in **Bitcoin**, **Ethereum**, and other leading cryptocurrencies. Our goal is to equip you with the information you need to enhance your trading skills and achieve success in the world of **investment**. Follow us for continuously updated content that supports you in making informed decisions.
:max_bytes(150000):strip_icc()/fed-miljko-86fe25fb6cad4edaac520fe1d130db4f.jpg?w=150&resize=150,150&ssl=1 "The Fed Is Split on 2026 Rates—This Real-Time Tool Shows What Your Savings Could Earn Next Year")
