Yzam Andari(@OBAYDA)'s insights

Post

--Bullish

🟢 $EUR
UPDATE — The bullish scenario is still in place 📈

The EUR/USD is currently trading at 1.16192, and remains above the pivot at 1.1586.

📌 Pivot level: 1.1586
🎯 First target: 1.1641
🎯 Second target: 1.1655

Price is approaching the first target, and holding above 1.1586 keeps the upward bias intact.

⚠️ If 1.1586 is broken, the scenario changes to 1.1563, then 1.1550.

👀 Attention now on 1.1641 — will the EUR reach the first target?

#EURUSD #forextrading #trading

Yzam Andari

Bullish

$EURI

Daily trading: around 1.1641
For us, the pivot point is at 1.1586.

Preferred scenario: an upside move is likely as long as 1.1586 remains support, with 1.1641 and 1.1655 as targets

Alternative scenario: below 1.1586, expect 1.1563 and 1.1550.

Commentary: the Relative Strength Index (RSI - momentum indicator) is rising for a buy ( >70). The MACD (trend deviation indicator) is above its signal line and is positive. In addition, the current price is above its 20- and 50-day moving averages (at 1.1596 and 1.1589, respectively).

Support and resistance levels:
1.1682 **
1.1668 *
1.1655 **
1.1641
1.1609 last
1.1595
1.1586 **
1.1563 *
1.1550 **
$EUR

Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.

EUR+0.28%