FX.co ★ Alpha302 | EUR/USD

EUR/USD Technical Analysis D-1 Chart

Colleague, hello! What we can see on the daily chart for the wave technique for EUR/USD at the moment: quite a bullish picture. We have been seeing growth for the last two days. And it turns out that if the bulls press a little, we may well fly out to a completely bullishly charged market. I drew an inclined guide along the peaks of the lower zigzags. There was support at the level of 1.1140. From above, the first resistance is the light MA18—the level of 1.1280. It is on this level that we have stumbled and lingered. In fact, this is the last obstacle before we go north 100%. MA100 is pulling in favor of the north at a trend angle of twenty degrees. It turns out that we have quite tolerable bulls during the day. MA18 is still holding a slight angle of inclination—about the same fifteen degrees. There are bears inside the day, and they can show something. The Ichimoku cloud is currently painted in bullish colors. It is pulling north at a very significant growth angle of about forty degrees. Its end part is still quite pumped; that is, it is difficult for bears to control the processes. The light stochastic tested the overbought zone. There is motivation to go south. So, I am waiting for a decline. updating the local minimum of the short-term perspective—ZZ of a small period and the value of the lower control point of 507.7 points. The immediate target of the downward movement is the 6/8 level border itself. The scheme adopted as a guide and execution for the short term remains the same.