FX.co ★ Dynaa | EUR/USD

EURUSD M15 Chart Analysis: The examination of price behavior for the EUR/USD currency pair is what we are now talking about. The EUR/USD trend for the day is still negative, but we want to stop this decline today. Just changing the red level to 1.12029 will start the adjustment. However, attention to the price level of 1.11359 is necessary to sustain the negative trend. With the potential to somewhat exceed 1.10819, our aim is still 1.10619. At 1.13419, the midterm strength is still there. Watch out for a possible correction indication if you expect a decline. The euro reached both low objectives at 1.11369 last Friday. A rise to target levels of 1.11918/1.11929/1.12049 and a possible fall to 1.11559/1.11359/1.11159 are among today's possibilities. Hasty sales could be expected, although short-term expansion into the 1.13129-1.13329 zone is still feasible. It is important to watch EUR/USD around the mirror level of 1.12423 during the present increase, notwithstanding the forecast from last week. The first sales zone, which is 1.11829–1.11969, includes the present trade area. Determining the possibility of a corrective rise into the next sales zone of 1.12179–1.12409 and a subsequent downward move based on buyers' ability to overcome this zone is crucial. While senior charts skew positive, M-15 is necessary for negative movements in order to assess the patterns. The four-hour reference point of 1.11339 is where the vital support is located. M-15 congestion makes it difficult to break the 1.11719 support. Until M-15 lightens, it is doubtful that this will breach the crucial 1.11339 reference point. Anticipate a positive reversal to 1.12519 and potentially 1.12819 after a recovery from the 1.11719 support to the 1.12159 reference point on M-15. A negative turn that targets 1.13289 might result from resistance around 1.12819, which would then influence an upward shift in the hourly chart and provide a consistent bullish signal throughout all time frames.