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Fanadihadiana momba ny vidin'ny EURUSD - 25 Jolay
Ability to break up $1.02 resistance level by the bulls may increase the price to resistance levels at $1.04 and $1.06. Should the Bears penetrate the support level of $1.01 and daily candle closes below it, then, the price may embark on bearish trend towards the $1.00 and $0.99 support levels.
Tsena EUR/USD
Teboka manan-danja:
Toe-ponenana: $ 1.02, $ 1.04, $ 1.06
Dingana fanohanana: $ 1.01, $ 1.00, $ 0.99
EURUSD Fironana maharitra: Bullish
On the long term outlook, EURUSD is bullish. Two weeks ago, the price decline to the low of support level at $0.99. A bullish engulfing candle formed at the mentioned level, this indicate that bulls are dominating the EURUSD market. The former resistance levels of $1.00 and $1.01 have turn to support levels. Further price increase envisaged.
EURUSD has penetrate the 9 period EMA upside, but trying to break up the 21 periods EMA which indicate an increase in the bulls’ momentum. Ability to break up $1.02 resistance level by the bulls may increase the price to resistance levels at $1.04 and $1.06. Should the Bears penetrate the support level of $1.01 and daily candle closes below it, then, the price may embark on bearish trend towards the $1.00 and $0.99 support levels.
EURUSD fironana antonony: Bullish
EURUSD is bullish on the medium-term outlook. The price action is trying to form an inverted head and shoulder chart pattern. The bulls are gathering momentum to dominate EURUSD market fully. The price started increasing last week and the support levels of $1.01 and $1.02 are broken upside. The price is currently ranging within $1.02 and $1.01 levels.
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