R.Linda Trading

A Professional View

A Professional View

Of The Market

Of The Market

R.Linda Trading

R.Linda Trading

R.Linda Trading - forecast

EURUSD → Favorable fundamentals for growth

2023-12-22 09:29 FOREX forecast

💡Ideas For EURUSD 🇪🇺🇺🇸

📈 EURUSD → Favorable fundamentals for growth

➖ ➖ ➖ ➖ ➖

#EURUSD is strengthening and continues to give signs that the price will continue its rise on the back of a weaker dollar due to weaker GDP than analysts expected

snapshot

On D1, the price is testing the 1.1000 resistance area (important zone). A reversal V-shaped pattern is being formed, followed by numerous retests of the line. (rlinda . com) The pre-breakdown consolidation and positive fundamental background for the euro are doing their job.

The price is making a breakout attempt. A consolidation of the price above 1.1000 will form a bullish potential, which will be a strong support for the pair.

On H4 the price is still in the range of 1.1017 - 1.0830. Another resistance retest is formed after a small correction. A breakout of the level is expected with subsequent growth to the trend resistance. Moving averages support the market.

Support levels: 1.099, 1.0965, 1.093

Resistance levels: 1.1000, 1.1017

We expect a breakthrough of the above-mentioned area and continuation of the currency pair growth in the framework of the uptrend.

YOUR INVESTMENTS ARE YOUR RESPONSIBILITY

The information on the RLinda.com website and inside our Telegram group is intended for educational purposes and is not to be construed as investment advice. Trading the financial markets carries a high level of risk and may not be suitable for all investors. Before trading, you should carefully consider your investment objective, experience, and risk appetite. The Website should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. RLinda, will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.
Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

RLinda.com takes no responsibility for loss incurred as a result of the content provided inside of our Telegram groups. By signing up as a member you acknowledge that we are not providing financial advice and that you are making the decision on the trades you place in the markets. We have no knowledge of the level of money you are.

The RLinda.com website uses cookies in order to provide you with the best experience. By visiting our website with your browser set to allow cookies, or by accepting our cookie policy notification you consent to our privacy policy, which details our cookie policy.

COMPANY

SERVICE

Terms of Service