EUR-USD H4 The pair currently appears squeezed between the support of 1.12

EUR-USD H4

The pair currently appears squeezed between the support of 1.1264 and the resistance of 1.1386. The underlying trend is bearish, an effect of the idiosyncrasies between the monetary policy implemented by the FED and that supported by the ECB. It is clear that the European central bank tends to obtain and maintain the devaluation of the euro also to favor the revival of exports. Rising but manageable inflation is the least of its problems. The American central bank, on the other hand, is faced with galloping inflation and has therefore already set a timetable that will lead to a rise in rates in 2022.
This is on condition that there are no significant changes in the economic and financial landscape.
Having said that, if the eur-usd pair should lose the support of 1.1264, we will set our sights on the target of 1.1236 and then 1.1193.
We would not be surprised if from here a rebound would take shape, which we will only ride on once the resistance of 1.1386 is overcome with a target of 1.1412, the area through which the ma 50 transits.
The next target is located at 1.1436.
However, we should not forget that the macd continues to cross below the zero line...
All the best

Dr. Massimo Moschella
Professional Trader Teacher at cpetrader.eu

For one to one coaching sessions please write to massimomoschellalibero.it
INSTAGRAM.COM
Instagram User 4822278975
Send Message

Some descriptions are auto translated, meaning might have changed a little or a lot.

Email: Get Contact Email

Contact Number: Get Contact number

Age: 38 (report if not 18+)

REPORT

Post your own ad > get emails > Select one > Start dating.
*You must be 18+.

POST AD NOW

More closely matched