The EURUSD currency pair is currently trading close to the 38.2% Fibonacci Retracement level, situated around 1.03900. This level is likely to serve as a strong सहायता that may prevent further price declines.
The Fibonacci Retracement has been drawn from the lowest point on January 13 (which is also the lowest it has been in over two years) to the peak on Monday, January 27.
अनुशंसित
अनुशंसित
अनुशंसित
अनुशंसित
Moreover, the Stochastic indicator on the hourly chart is approaching the अधिक बिकाऊ territory, increasing the likelihood of a price rebound once it reaches that area.
Additionally, examining the Stochastic on the 15-minute chart indicates it has already entered the अधिक बिकाऊ zone, suggesting a short-term uptrend for EURUSD. As long as the price remains above 1.03900, there is a greater chance for an upward movement, initially targeting around 1.04300.
तकनीकी संदर्भ: खरीदना if above 1.03900
Potential Take Profit 1: 1.04300
Potential Take Profit 2: 1.04500
Potential Stop Loss 1: 1.03900
Potential Stop Loss 2: 1.03700
