EUR/USD PRICE ANALYSIS: BEARS EYE A 61.8% FIBO CONFLUENCE TARGET AREA
Abstract：The Euro is currently facing strain due to constant economic indicators reflecting the enduring strength of the U.S. economy. This is in stark comparison to the economies teetering on the brink of recession, including the Eurozone. The preliminary balance for this week is being determined in anticipation of the Federal Reserve meeting on Wednesday, with subsequent analysis tending towards a bearish bias.
• EUR/USD bears are in the market and eye last month's highs.
• A break of support will leave a 61.8% ratio vulnerable on the daily chart.
The Euro is currently facing strain due to constant economic indicators reflecting the enduring strength of the U.S. economy. This is in stark comparison to the economies teetering on the brink of recession, including the Eurozone. The preliminary balance for this week is being determined in anticipation of the Federal Reserve meeting on Wednesday, with subsequent analysis tending towards a bearish bias.
EUR/USD DAILY CHARTS
EUR/USD is climbing the trendline support and is now headed back towards it where last month's highs are located in a strong bearish correction. At least a 50% mean reversion is on the cards guarding the 61.8% ratio and conflieuece area.
EUR/USD H4 chart
EUR/USD is offered while below Friday's closing price. The price is being supported in a higher volume area but if this were to give, then the prior month's highs will be eyed near a 61.8% Fibonacci level near 1.1000.
Read more
Broker Comparsion: FXTM vs AvaTrade
FXTM and AvaTrade are two well-established online brokers offering forex and CFD trading across global markets. Both enjoy strong reputations and high ratings on WikiFX—FXTM holds an AAA overall rating, while AvaTrade scores 9.49/10, indicating they’re regarded as reliable choices by the community. However, since brokers have great reputation in the industry, how do we know which one is more suitable for individuals to invest in? Today's article is about the comparison between FXTM and AvaTrade.
Shocking Move: Yen Breaks Past 140 Barrier!
The yen's breakout above the 140 mark has caught global attention, and the reasons behind it are more than technical.
FINRA fines SpeedRoute for alleged rule violations
The Financial Industry Regulatory Authority (FINRA) has imposed a $300,000 fine on SpeedRoute LLC for a series of supervisory, risk management, and anti-money laundering (AML) program deficiencies spanning from 2017 to the present. Of this amount, $75,000 is payable to FINRA, with the remainder offset by SpeedRoute’s limited ability to pay. In addition to the monetary penalty, SpeedRoute has been censured and ordered to overhaul its compliance framework, including enhancing its written supervisory procedures (WSPs) for market access controls and strengthening its AML program.
Nigeria's Oil Crisis: How Are Stakeholders Responding?
Despite being rich in oil, Nigeria struggles with refining shortages. What’s behind this paradox, and how are different actors reacting?
WikiFX Broker
Latest News
Love, Investment & Lies: Online Date Turned into a RM103,000 Scam
WikiFXBroker’s Promise Turns to Loss – Funds Disappear, No Compensation!
WikiFXBroker Took 10% of User's Profits – New Way to Swindle You? Beware!
WikiFXPi Network: Scam Allegations Spark Heated Debate
WikiFXBroker Comparsion: FXTM vs AvaTrade
WikiFXAccount Deleted, Funds Gone: A New Broker Tactic to Beware Of?
WikiFXEl Salvador and U.S. Launch Cross-Border Crypto Regulatory Sandbox
WikiFXThe Instagram Promise That Stole RM33,000
WikiFXKraken Partners with Alpaca to Offer U.S. Stocks and Crypto
WikiFXBefore You Trade the Next Big Thing, Remember the Dot-Com Collapse
WikiFXRate Calc
