The euro continues its bearish path against the US dollar, continuing its negative crawl towards the second official leg of 1.2000.<\/p>\n\n\n\n
On the technical side today, and with a closer look at the 240-minute chart, we find that the moving average continues to support the bearish curve of prices, and we find the RSI indicator continues to provide its negative signals.<\/p>\n\n\n\n
Therefore, with the continuation of trading below the previously broken support and now converted to the resistance level 1.2065, the correction of 38.20%, we will maintain our negative outlook, completing towards the third official target of 1.1970, a correction of 50.0%, and we must monitor the price behavior around this level because breaking it extends the losses of the pair opening the way towards 1.1730 .<\/p>\n\n\n\n
In general, we continue to suggest the bearish trend as long as trading remains stable below the resistance level of 1.2170, retracing 23.60%, as shown on the chart.<\/p>\n\n\n\n The euro continues its bearish path against the US dollar, continuing its negative crawl towards the second official leg of 1.2000. On the technical side today, and with a closer look at the 240-minute chart, we find that the moving average continues to support the bearish curve of prices, and we find the RSI indicator …<\/p>\n","protected":false},"author":9,"featured_media":40969,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[42,41],"tags":[7222,6877,6872,6928],"class_list":["post-40961","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-tech-analysis","category-tech-analysis","tag-analysis","tag-dollar","tag-eur","tag-euro"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=40961"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40961\/revisions"}],"predecessor-version":[{"id":40970,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/40961\/revisions\/40970"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/40969"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=40961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=40961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=40961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}S1: 1.2000 <\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td> R1: 1.2065\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr> S2:<\/strong> 1.1970 <\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td> R2:<\/strong>\u00a01.2100 \u00a0\u00a0\u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr> S3: 1.1930 <\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td> R3: 1.2135<\/strong> \u00a0\u00a0<\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"