FXGLORY
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EURUSD analysis for 15.03.2024
Time Zone: GMT +2
Time Frame: 4 Hours (H4)
The EUR/USD on the H4 chart presents a bearish picture, with a break below the Ichimoku cloud suggesting a continuation of the downtrend. Fundamental factors, including monetary policies from the ECB and the Fed, alongside economic data, will continue to influence the currency pair. Technical indicators support the bearish sentiment; the MACD shows a decrease below the baseline, and the RSI is under 50 but not oversold, signaling potential further declines. Support is seen near 1.0885, with resistance around 1.0930 at the Ichimoku cloud's lower boundary. The market's direction may be swayed by upcoming economic developments from Europe and the US.
Disclaimer: This analysis is for informational purposes only and should not be taken as investment advice. It's crucial for traders to conduct their own research and consider their risk tolerance before trading.
Explore in-depth market insights and strategic trading tips by clicking here.
FXGlory
15.03.2024
Time Zone: GMT +2
Time Frame: 4 Hours (H4)
The EUR/USD on the H4 chart presents a bearish picture, with a break below the Ichimoku cloud suggesting a continuation of the downtrend. Fundamental factors, including monetary policies from the ECB and the Fed, alongside economic data, will continue to influence the currency pair. Technical indicators support the bearish sentiment; the MACD shows a decrease below the baseline, and the RSI is under 50 but not oversold, signaling potential further declines. Support is seen near 1.0885, with resistance around 1.0930 at the Ichimoku cloud's lower boundary. The market's direction may be swayed by upcoming economic developments from Europe and the US.
Disclaimer: This analysis is for informational purposes only and should not be taken as investment advice. It's crucial for traders to conduct their own research and consider their risk tolerance before trading.
Explore in-depth market insights and strategic trading tips by clicking here.
FXGlory
15.03.2024