The market sentiment for this currency pair suggests a Bearish today. Traders may consider initiating Short positions sooner the price falls below the '51035.3'. This confirmation could lead to the achievement of the first target 50637.5 before following the second target price 50346.0. There is a possibility for the price to decline further and reach 49948.2 before the end of today's market session.
Nonetheless, if the price breaks above the '51035.3', it may indicate a potential shift in momentum, leading to a Long position. Traders should exercise caution as the price could rise towards the first resistance level 51326.8 and potentially test 51724.6. A stronger increase towards 52016.1 is also possible before the end of today's trading session.
The prevailing market sentiment for this currency pair is Bullish today. Traders seeking upward opportunities may consider Long positions if the price exceeds the '2901.4'. This breakthrough could pave the way towards the first target level 2934.7 and potentially extend to 2971.2. Further upside momentum might even push the price towards 3004.5 by the end of today's trading session.
In contrast, if the price '2901.4' is breached, it may suggest a shift in sentiment, prompting traders to consider Short positions. In such a scenario, the price might retrace towards the first support level 2864.9 and potentially test 2831.6. A sharper decline towards 2795.1 is also possible before the end of today's trading session.
Caution: Navigate volatile financial markets during Economic News with care. Stay informed, manage risk, and make wise trading decisions. Intraday Crypto Technical Levels in this page are all generated by Frustrader AI System and do not intend to provide any Trading Signals. However, our trusted tools and expert insights can help you navigate the choppy waters of market fluctuations. Prepare for uncertainty and seize opportunities with confidence.