Gold continues its losing streak
Actualizado
Hello traders!
Today, EUR/USD fell below 1.0600 for the first time in several months, breaking above the key support level of 1.0630. With prices below that, there is a possibility of further losses. The daily chart shows the pair heading towards a range of 1.0510 to 1.0530, which represents the February and March lows.
Looking at the technical picture on the 4-hour timeframe, we can see that the support around 1.0560 could trigger a recovery. The 1.0600 and 1.0630 levels have now become significant resistance levels. A drop below 1.0550 could lead to increased volatility and the possibility of a faster price decline.
Today, EUR/USD fell below 1.0600 for the first time in several months, breaking above the key support level of 1.0630. With prices below that, there is a possibility of further losses. The daily chart shows the pair heading towards a range of 1.0510 to 1.0530, which represents the February and March lows.
Looking at the technical picture on the 4-hour timeframe, we can see that the support around 1.0560 could trigger a recovery. The 1.0600 and 1.0630 levels have now become significant resistance levels. A drop below 1.0550 could lead to increased volatility and the possibility of a faster price decline.
Nota
good luck tradersNota
Nota
Nota
Nota
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.