$EURI 1. Price Structure:
- Current price: 1.0785 (+0.06%)
- 24h range: 1.0777 (support) - 1.0792 (resistance)
- Formation of a sideways consolidation after a downtrend
- The Parabolic SAR (yellow dots) at 1.0820 acts as dynamic resistance
- The price found support after a long red candle (spike at 1.0731)
2. Technical Indicators:
- StochRSI: 40.17
* In neutral zone, slightly below 50
* MastochRSI at 37.71, confirming neutrality
- MACD very close to zero:
* DIF: -0.0011
* DEA: -0.0011
* MACD: 0.0000
* Shows a lack of clear momentum
- KDJ:
* K: 55.33
* D: 53.02
* J: 59.95
* All three lines are close, suggesting a consolidation phase
3. Volume:
- 24h Volume: 1.51M USDT
- Relatively moderate volume indicating a lack of interest/conviction
4. Key Points:
- Compression of indicators (flat MACD, neutral StochRSI, tight KDJ)
- Formation of a consolidation phase after the decline
- Parabolic SAR maintains bearish pressure but flattens
5. Possible scenarios:
- Bullish: Break above the SAR (1.0820) could trigger a move towards 1.0860
- Bearish: Loss of support 1.0777 could lead back towards 1.0731
Conclusion:
The market has entered a consolidation phase after a downtrend. Indicators show a squeeze which suggests that a directional move could occur soon. Caution is advised until a clear breakout of the current structure.