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Uhlalutyo lwamaxabiso e-EURUSD-ngoFebruwari 10
EURUSD widened its decline to a new low of 2020 at 1.0910 level, ending the US session not much higher than the level. The week began, as usual, in slow motion, the market is still focused on the outbreak of the Chinese coronavirus and on how this can impact global economic growth.
Amanqanaba aphambili
Amanqanaba okumelana: 1.1239, 1.1172, 1.1095
Amanqanaba enkxaso: 1.0981, 1.0940, 1.0879
I-EURUSD yexesha elide iTrend: Bearish
The currency pair is trading in a weak bearish trend beneath its main moving averages 5 and 13, as the spot drops to levels unprecedented since October 2019. The breakdown of the low level of 1.0879 may continue the downtrend from the level of 1.1515 (high).
A sustained breakthrough may pave the way for re-testing the low of 1.0339. As long as this stays a privileged scenario, while the resistance level of 1.1239 holds.
I-EURUSD yeXesha elifutshane eliQhelekileyo: Qalisa
The fall of EURUSD from the level of 1.1239 continues today, while the intraday bias stays on the bearish. A further decline should be seen to retest a low level of 1.0879.
On the other hand, past the level of 1.0981, insignificant resistance may primarily change the neutrality of the intraday bias, while recovery may be restrained beneath the resistance level of 1.1095 to continue the fall.
Isixhobo: EURUSD
Umyalelo: Thengisa
Ixabiso lokungena: 1.0940
Yeka: 1.0981
Ithagethi: 1.0879
Phawula: I-Learn2Trade.com ayingomcebisi wezezimali. Yenza uphando lwakho ngaphambi kokuba utyale imali yakho kuyo nayiphi na iasethi eyimali okanye imveliso ebekiweyo okanye umsitho. Asinaxanduva lweziphumo zakho zotyalo-mali
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