{"id":2360,"date":"2020-06-30T13:45:00","date_gmt":"2023-03-31T20:19:00","guid":{"rendered":""},"modified":"2024-05-29T08:11:36","modified_gmt":"2024-05-29T08:11:36","slug":"lower-highs-for-eurusd","status":"publish","type":"post","link":"https:\/\/blog.zulutrade.com\/ar\/lower-highs-for-eurusd\/","title":{"rendered":"Lower Highs for EURUSD"},"content":{"rendered":"

After failing to break out of the resistance zone (1.137 – 1.1415), the pair forms lower highs in the daily timeframe, indicating a short-term trend reversal to the downside. Though the fast MAs maintain the uptrend bias, 5 EMA is currently flirting with 20 EMA while the price is already moving below 20EMA.<\/span><\/p>\n

CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

Daily Chart
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Reviewing major news, the Eurozone Core Inflation rate (YOY) met expectations at 0.8% and decreased from the previous month. Later today, investors waiting for Fed William’s speech as well as US Consumer Confidence that is expected to be better than the previous month (91.8 from 86.6).<\/span><\/p>\n

Heading to the 240m, the pair forms a triangle and is currently testing the low side of it. If EURUSD violates it to the downside, then it may activate a target lower than 200 SMA. If the price goes above 1.1286, then it will negate the negative outlook.<\/span><\/p>\n

CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

240m Chart
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Checking the <\/span>ZuluTrade’s Traders Sentiment<\/span><\/a>, the community is currently bullish on EURUSD.
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Disclaimer<\/strong><\/p>\n

The views expressed do not constitute investment or any other advice \/recommendation \/suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of<\/span> ZuluTrade Social Trading Platform<\/span><\/a> and do not constitute an offer or invitation to anyone to invest or trade.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

After failing to break out of the resistance zone (1.137 – 1.1415), the pair forms lower highs in the daily timeframe, indicating a short-term trend reversal to the downside. Though the fast MAs maintain the uptrend bias, 5 EMA is currently flirting with 20 EMA while the price is already moving below 20EMA. CopyTrade with […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2360","post","type-post","status-publish","format-standard","hentry","category-market-view"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1716970162:4"],"rank_math_seo_score":["16"],"rank_math_og_content_image":["a:2:{s:5:\"check\";s:32:\"16711059b2696c68a993b8d346f5cd94\";s:6:\"images\";a:3:{i:0;s:56:\"\/image.axd?picture=\/2020\/3062020\/EURUSDDaily 3062020.png\";i:1;s:53:\"\/image.axd?picture=\/2020\/3062020\/EURUSDH4 3062020.png\";i:2;s:58:\"\/image.axd?picture=\/2020\/3062020\/eurusd sentim 3062020.PNG\";}}"],"rank_math_analytic_object_id":["181"]},"pll_post_group":null,"_links":{"self":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/comments?post=2360"}],"version-history":[{"count":1,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2360\/revisions"}],"predecessor-version":[{"id":4003,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2360\/revisions\/4003"}],"wp:attachment":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/media?parent=2360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/categories?post=2360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/tags?post=2360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}