EURUSD Analysis by @marketchartpattern

Total Quality
Score
1.1526
1.0240000000
1.175
EURUSD
1H
Free
Analysis Predict Range Market
forex
Technical
The analysis begins with the US 2-year T-Note (UST2Y), suggesting a potential resistance zone around 4.63%, with yields likely to move lower to 3.2% - 3% as long as the resistance holds. It transitions to a discussion on the 30-year Treasury Bond Yield (TYX), pointing out a key resistance at 5.15% and a potential double top formation, overall bearish. Moving onto the 10-Year Note Yield (TNX), the video mentions that as long as the resistance is maintained, yields could decrease to as low as 3.7%. It then looks at the US Dollar Index, it's perceived weakness and attempt to rally from the 1.272% Fibonacci expansion level, the dollar to move lower 93.540. The Euro/USD pair (EURUSD) is seen attempting a move towards 1.1750 to complete an ABCD pattern. Bitcoin's (BTCUSD) analysis indicates it is near its first objective of 114500 but trading in a range. Finally looking to gold in an overall bullish trend.
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