Reply to thread

Message: [QUOTE="Resolve, post: 236881, member: 29339"] [B][SIZE=5]EURUSD Technical Analysis – 24th SEP, 2024 EURUSD – Bullish Trend Reversal Pattern[/SIZE][/B] [img]https://i.imgur.com/8Mak9hy.png[/img] EURUSD was unable to continue its bearish momentum and after touching a low of 1.1103 the prices started to correct upwards against the United States Dollar today in the European Trading session. We have seen Bullish trend reversal: Moving Average 20 in the 1-hourly timeframe. We can see Bullish trend reversal: adaptative moving average 100 in the 1-hourly timeframe. We have also detected Bullish price crossover with adaptative moving average 50 in the 2-hourly timeframe. The RSI indicator is back over 50 in the 2-hourly timeframe. We can also see the Aroon indicator bullish trend formation in the 2-hourly timeframe. The RSI indicator is back over 50 in the 4-hourly timeframe. The EURUSD Price is back over the pivot point in the daily timeframe. EURUSD is now trading below its 100-hour SMA and above its 200-hour SMA simple moving averages. • Euro Bullish reversal seen above the 1.1103 mark. • Short-term range appears to be Strong Bullish. • EURUSD continues to remain above the 1.1150 levels. • Average true range ATR is indicating High market volatility. The next resistance is located at 1.1158 which is a Pivot Point 1st Resistance Point. EURUSD is now trading above its Pivot levels of 1.1139 and is moving into a Strong Bullish channel. The price of EURUSD remains above its Classic support levels of 1.1112 and is moving towards its next target of 1.1201 which is a 1-Month High. [I][B]Disclaimer:[/B] This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.[/I] [B][URL="https://fxopen.com/blog/en/?utm_source=earnforexforum&utm_medium=ownanalysis&utm_campaign=resolve"]For in-depth analysis, please check FXOpen Blog[/URL][/B] [/QUOTE]

Verification

Top Bottom