Current EUR/USD Trend: The EUR/USD pair is experiencing persistent selling pressure below the 1.18 level, indicating a bearish momentum as the market shows signs of distribution rather than accumulation.
Technical Analysis Insights: Key resistance levels are identified at 1.18135 and 1.1806, with a significant bearish bias remaining intact unless the price closes above 1.17425, which would suggest a potential reversal.
Market Context: The Euro's recent decline contrasts with its previous year's performance, where it gained significantly against the US dollar, highlighting a shift in market dynamics favoring the greenback.
Trading Recommendations: Current analysis suggests avoiding long positions on EUR/USD due to the prevailing bearish trend, with defined invalidation levels necessary for any trading strategy.
Wall Street analysts forecast USD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast USD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 56.660
Low
Averages
High
Current: 56.660
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Averages
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
