{"id":2879,"date":"2022-11-02T23:09:02","date_gmt":"2022-11-02T22:09:02","guid":{"rendered":"https:\/\/www.closeoption.com\/blog\/?p=2879"},"modified":"2024-12-12T20:31:09","modified_gmt":"2024-12-12T19:31:09","slug":"eur-usd-and-a-point-to-return","status":"publish","type":"post","link":"https:\/\/www.closeoption.com\/blog\/eur-usd-and-a-point-to-return\/","title":{"rendered":"EUR\/USD and a point to return!"},"content":{"rendered":"
\n

\u2022 First key support level of EUR\/USD: 0.985867<\/span>
\n\u2022 Second Key support level of EUR\/USD: 0.975609<\/span>
\n\u2022 Third Key support level of EUR\/USD: 0.963151<\/span>
\n\u2022 First key resistance level of EUR\/USD: 1<\/span>
\n\u2022 Second Key resistance level of EUR\/USD: 1.008833<\/span>
\n\u2022 Third Key resistance level of EUR\/USD: 1.019576<\/span><\/p>\n

\u2022 First key support level of USD\/CHF: 0.991399<\/span>
\n\u2022 Second Key support level of USD\/CHF: 0.985<\/span>
\n\u2022 Third Key support level of USD\/CHF: 0.977702<\/span>
\n\u2022 First key resistance level of USD\/CHF: 1<\/span>
\n\u2022 Second Key resistance level of USD\/CHF: 1.005204<\/span>
\n\u2022 Third Key resistance level of USD\/CHF: 1.014698<\/span><\/p>\n

\u2022 First key support level of GBP\/USD: 1.143843<\/span>
\n\u2022 Second Key support level of GBP\/USD: 1.126813<\/span>
\n\u2022 Third Key support level of GBP\/USD: 1.1<\/span>
\n\u2022 First key resistance level of GBP\/USD: 1.162317<\/span>
\n\u2022 Second Key resistance level of GBP\/USD: 1.17377<\/span>
\n\u2022 Third Key resistance level of GBP\/USD: 1.190391<\/span><\/p>\n

\u2022 First key support level of USD\/JPY: 145.121461<\/span>
\n\u2022 Second Key support level of USD\/JPY: 143.349139<\/span>
\n\u2022 Third Key support level of USD\/JPY: 140.339401<\/span>
\n\u2022 First key resistance level of USD\/JPY: 148.527303<\/span>
\n\u2022 Second Key resistance level of USD\/JPY: 150.40161<\/span>
\n\u2022 Third Key resistance level of USD\/JPY: 151.934757<\/span><\/p>\n

EUR\/USD and a point to return!<\/b><\/h2>\n

The EUR\/USD chart has been in a strong and consistent downtrend since the beginning of 2021, with sellers succeeding in reaching the lowest price level of 0.953867. In the long-term periods, such as monthly and weekly, the price is wholly oversold due to the recent strong declines, and the potential to stop the downward trend or weaken it during the next candles is pointed out.<\/p>\n

According to the type of price movements formed in the monthly interval between the price ceiling of 1.25625 and the price floor of 0.95387, an ideal harmonic pattern of the butterfly type has been created, which is completed by the D point of this pattern, warning (long-term warning) the rise and rise of the price will be noted during the upcoming candles. (With the formation of the Spinning candlestick pattern in the previous month, it shows the traders’ lack of decision to go up or down, which can be considered a good point to reduce selling pressure)<\/p>\n

In the daily time frame, in line with the longer-term time frames, a bullish signal has been issued with the breaking of the downward trend line (with five resistance points), which buyers are looking for open points and buying opportunities in the support band between 0.98000 and 0.98537.<\/p>\n

CloseOption Team<\/b><\/p>\n

www.closeoption.com<\/b><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\u2022 First key support level of EUR\/USD: 0.985867 \u2022 Second Key support level of EUR\/USD: […]<\/p>\n","protected":false},"author":12,"featured_media":2880,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1964],"tags":[],"class_list":["post-2879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technical-analysis"],"acf":[],"yoast_head":"\nEUR\/USD Technical Analysis:<\/title>\n<meta name=\"description\" content=\"The EUR\/USD chart has been in a strong and consistent downtrend since the beginning of 2021, with sellers succeeding in reaching the lowest.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.closeoption.com\/blog\/eur-usd-and-a-point-to-return\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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