$EURI analysis
Okay heres the analysis of the #EURUSDT
A Quick Look at the Chart ๐
๐ฅCurrent Price 10861 ๐
โฅ๏ธMoving Average MA 7 10820 ใฐ๏ธ
๐ซ Hull Moving Average HAMA 99 10830 ๐
๐ชMoving Average MA 200 10782 โณ
Overall Trend Analysis ๐งญ
The price is currently soaring high โฌ๏ธ above all the main moving averages MA 7 HAMA 99 MA 200
and this gives us a strong indication of an upward trend at the moment ๐ช
๐นMACD Indicator Gives us a green light ๐ข with its positive values DIF 00006 DEA 00001
๐นMACD 00005 supporting the bullish momentum
๐น RSI 6 Indicator Has reached the overbought zone at 713858 โ ๏ธ.
which might mean we need to be cautious of a potential pullback or slight correction
๐นWilliams R 14 Indicator Is also indicating overbought conditions at -153846 ๐ฉ
Conclusion The overall trend is bullish ๐ but the momentum indicators suggest the market might be a bit overheated ๐ฅ
๐Suggested Trading Scenario
Example Only ๐ฏ
Assuming we want to enter a buy trade
Potential Entry Point A good opportunity might be to enter near the 10835 level ๐ช
especially if we see a positive bounce after testing this level
๐ฏSuggested Targets ๐ฅ ๐โโ๏ธ
โญ Target 1 10875 โจ
โญ Target 2 10880 ๐
โญ Target 3 10895 ๐
๐ฅStop Loss to protect your investments ๐ก๏ธ
Can be placed at the 10775๐ level
below the MA 200 as an extra layer of protection
๐ Risk management is key ๐ Never invest more than you can afford to lose
Wishing you successful trading ๐