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25.05.202210:32 Forex Analysis & Reviews: EURUSD Potential For Bullish Continuation | 25th May 2022

Exchange Rates 25.05.2022 analysis

On the H4, price broke the descending trendline and with prices moving above the Ichimoku indicator, we have a bullish bias that price will rise from our 1st support at 1.05183 in line with the 23.6% Fibonacci retracement and horizontal overlap support to the 1st resistance at 1.08536, where the 61.8% Fibonacci retracement and horizontal overlap resistance is. Alternatively, price may break 1st support and head for 2nd support at 1.03540 where the horizontal swing low is.

Trading Recommendation Entry: 1.05183Reason for Entry:23.6% Fibonacci retracement and horizontal overlap supportTake Profit: 1.08536

Reason for Take Profit:

61.8% Fibonacci retracement and horizontal overlap resistance

Stop Loss: 1.03540Reason for Stop Loss:

Horizontal swing low

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert of InstaForex
© 2007-2022
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USDCHF, Potential For Bullish rise | 24th June 2022
On the H4, with price expected to bounce off the RSI indicator, we have a bullish bias that price will rise from our 1st support at 0.95996 where the horizontal swing low support is to our 1st resistance at 0.97232 in line with the horizontal swing high resistance and 23.6% Fibonacci retracement..
Author: Dean Leo
00:46 2022-06-24 UTC--4
6673
USDJPY Potential For Bullish Continuation | 24th June 2022
On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise from our 1st support at 135.536 in line with the pullback support and 23.6% fibonacci retracement to our 1st resistance at 138.846 where the 161.8% fibonacci extension and 78.6% fibonacci.
Author: Dean Leo
00:43 2022-06-24 UTC--4
6688
NZDUSD Potential For Bullish Continuation | 24th June 2022
On the H4, with price moving below the ichimoku cloud and in a descending trendline, we have a bearish bias that price will drop from the 1st resistance at 0.63107 in line with the 38.2% fibonacci retracement to the 1st support at 0.62022 in line with the horizontal swing low. Alternatively, price.
Author: Dean Leo
00:35 2022-06-24 UTC--4
6673
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