See also
EUR/USD is trading around 1.1437, below the Murray 6/8 level and within the uptrend channel formed on May 9.
The instrument has an area where buyers have found it easier to take profits around 1.1476. This level could be a barrier for the euro, and from there we could expect a technical correction.
If the bullish force prevails, the euro could reach the top of the uptrend channel around 1.1474 and even the psychological level of 1.1500.
Technically, we observe that the euro is overbought and there could be a technical correction in the coming days, as crucial data from the United States will be released later this week, which could generate strong volatility in the market.
The eagle indicator is showing a negative signal, so if an additional upward movement occurs above the current price, we could consider selling as long as the intrument consolidates below 1.1500.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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Given that the eagle indicator is showing potential for a possible recovery for the euro, we will look for buying opportunities whenever the euro pulls back and trades above 1.1596
If Bitcoin makes a technical correction toward the support at 118,750 or the secondary uptrend channel around 118,200 in the coming hours, this will be seen as a buying opportunity
Conversely, if gold falls below 3,320 and breaks the uptrend channel, we could expect a trend reversal, and it may reach the 4/8 Murray line at 3,281, eventually reaching
XAU/USD – Friday, July 18, 2025. The potential for XAU/USD to weaken continues, as reflected in The EMA (50) is below the EMA (200) and the RSI (14)
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