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Forex Trend Analysis Report

Prepared for you on Thursday, March 28, 2024.

Euro/ (FOREX:EURRSD)

Long-Term Downtrend (-90) - EURRSD is in a strong downtrend that is likely to continue. While EURRSD is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid EURRSD?

MarketClub looks at technical strength and momentum to determine if the timing is right for EURRSD.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_EURRSD
Open High Low EURRSD Price Change
117.130 117.179 117.129 117.179 +0.049
Entry Signal

MarketClub’s Trade Triangles for EURRSD

long term down The long-term trend has been DOWN since Feb 22nd, 2024 at 117.125

intermediate term down The intermediate-term trend has been DOWN since Mar 27th, 2024 at 117.165

short term down The short-term trend has been DOWN since Mar 27th, 2024 at 117.204

Smart Scan Analysis for EURRSD

Based on our trend formula, EURRSD is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for EURRSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
117.130 117.179 117.129 117.179 +0.049
Prev. Close Volume Bid Ask Time
117.130 2024-03-28 08:26:04
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