empty
 
 
25.10.2021 03:37 PM
Technical analysis on EURUSD for October 25, 2021.

EURUSD made a triple top around 1.1670 and today is moving lower reaching the 50% Fibonacci retracement level of its latest upward move. It is important for bulls to make a higher low in order to gain momentum for the next leg higher.

This image is no longer relevant

Black lines- Fibonacci retracement levels

EURUSD got rejected at the 38% Fibonacci retracement of the decline from 1.1910. Price made three attempts to break this Fibonacci resistance level but failed. This lead to price falling sharply towards 1.16 and the 50% Fibonacci retracement of the recent upward movement. For a bigger bounce, bulls need to break above 1.1670 triple top.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback