EURUSD is in the range and we can see a potential for another range-trend bearish trade around 3495-3500. We can see an inner trendline broken and making a nice resistance line close to H4 Cam level and also a trendline which is stabbing thru H4 cam level. 50.0 fib confluence adds to the resistance. I have zoomed in 15m TF to show price action better.

EURUSD

The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD stays slightly above 1.0700 after mixed US data

EUR/USD stays slightly above 1.0700 after mixed US data

EUR/USD lost its traction and turned negative on the day but managed to hold above 1.0700. Although the upbeat Employment Cost Index data boosted the USD earlier in the day, the weak consumer sentiment reading limits the currency's gains.

EUR/USD News

GBP/USD declines toward 1.2500 on renewed USD strength

GBP/USD declines toward 1.2500 on renewed USD strength

GBP/USD turned south and dropped toward 1.2500 in the second half of the day. The US Dollar stays resilient against its rivals following the strong wage inflation data and doesn't allow the pair to gain traction.

GBP/USD News

Gold extends daily slide toward $2,300 as US yields edge higher

Gold extends daily slide toward $2,300 as US yields edge higher

Gold stays under bearish pressure and declines toward $2,300 on Tuesday. The benchmark 10-year US Treasury bond yield stays in positive territory above 4.6% after US Employment Cost Index data, weighing on XAU/USD.

Gold News

XRP hovers above $0.51 as Ripple motion to strike new expert materials receives SEC response

XRP hovers above $0.51 as Ripple motion to strike new expert materials receives SEC response

Ripple (XRP) trades broadly sideways on Tuesday after closing above $0.51 on Monday as the payment firm’s legal battle against the US Securities and Exchange Commission (SEC) persists.

Read more

Eurozone inflation stable as the outlook on prices gets increasingly muddied

Eurozone inflation stable as the outlook on prices gets increasingly muddied

Eurozone headline inflation remains stable at 2.4%. With higher energy prices and improving domestic demand, questions about the direction of inflation become louder.

Read more

Majors

Cryptocurrencies

Signatures