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EURUSD Technical Analysis – 30th SEP, 2024
EURUSD – Parabolic SAR Indicator Bearish Reversal
EURUSD was unable to continue its bullish momentum and after touching a high of 1.1208 the prices started to decline against the United States Dollar today in the US Trading session.
The Parabolic SAR indicator bearish reversal is visible in the 15-minutes timeframe.
The MACD crosses DOWN its Moving Average in the 15-minutes timeframe.
We have also detected the formation of a Long black line in the 15-minutes timeframe.
We have also seen Moving Average bearish crossovers: AMA20 & AMA50 in the 30-minutes timeframe.
The Support of channel is broken in the 1-hourly timeframe.
The Ichimoku: price is under the cloud in the 2-hourly timeframe.
We can see that the SuperTrend indicator bearish reversal is seen in the 2-hourly timeframe.
The prices of EURUSD are ranging Near resistance of channel in the daily timeframe.
EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.1208 mark.
• Short-term range appears to be Bearish.
• EURUSD continues to remain above the 1.1120 levels.
• Average true range ATR is indicating High market volatility.
The next support is located at 1.1124 which is a Pivot Point 1st Support Point.
EURUSD is now trading below its Pivot levels of 1.1154 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.1132 and is moving towards its next target of 1.1113 at which the Price Crosses 9 Day Moving Average Stalls.
Disclaimer: 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.
For in-depth analysis, please check FXOpen Blog
EURUSD – Parabolic SAR Indicator Bearish Reversal
EURUSD was unable to continue its bullish momentum and after touching a high of 1.1208 the prices started to decline against the United States Dollar today in the US Trading session.
The Parabolic SAR indicator bearish reversal is visible in the 15-minutes timeframe.
The MACD crosses DOWN its Moving Average in the 15-minutes timeframe.
We have also detected the formation of a Long black line in the 15-minutes timeframe.
We have also seen Moving Average bearish crossovers: AMA20 & AMA50 in the 30-minutes timeframe.
The Support of channel is broken in the 1-hourly timeframe.
The Ichimoku: price is under the cloud in the 2-hourly timeframe.
We can see that the SuperTrend indicator bearish reversal is seen in the 2-hourly timeframe.
The prices of EURUSD are ranging Near resistance of channel in the daily timeframe.
EURUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Euro Bearish reversal seen below the 1.1208 mark.
• Short-term range appears to be Bearish.
• EURUSD continues to remain above the 1.1120 levels.
• Average true range ATR is indicating High market volatility.
The next support is located at 1.1124 which is a Pivot Point 1st Support Point.
EURUSD is now trading below its Pivot levels of 1.1154 and is moving into a Bearish channel.
The price of EURUSD remains above its Classic support levels of 1.1132 and is moving towards its next target of 1.1113 at which the Price Crosses 9 Day Moving Average Stalls.
Disclaimer: 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.
For in-depth analysis, please check FXOpen Blog