EUR/USD, Technical Analysis – H4
The bearish trend continues to exhibit strong and pronounced momentum, leaving bulls with no meaningful opportunities for correction.
The bearish trend continues to exhibit strong and pronounced momentum, leaving bulls with no meaningful opportunities for correction. However, the upcoming weekend market close is likely to prompt some participants to book profits, which could allow the price to retrace toward one of the two key resistance levels — 1.1470 and 1.1500 — before the downtrend resumes.
Key Levels:
□ 1.1470 (resistance)
□ 1.1500 (resistance)
Primary Scenario:
Pullback to 1.1460, followed by a decline toward 1.1400.
Alternative Scenario:
More active correction toward 1.1500.
Analyst Commentary:
Buying in anticipation of a retracement — particularly on a Friday — is not the strongest trading plan.
Nikolai Krishtopov es analista de mercado en Investizo, con más de 15 años de experiencia en el sector de los mercados financieros y más de una década de experiencia operando. Sus áreas de interés incluyen los mercados de forex y criptomonedas, el análisis técnico, el trading intradía y el comportamiento del mercado.