See also
On Monday, the market may continue moving down from the 1.3719 level (Friday's daily close), targeting the 23.6% retracement level at 1.3675 (yellow dashed line). Upon reaching this level, the price may bounce upward toward the 14.6% retracement level at 1.3711 (yellow dashed line).
Fig. 1 (Daily Chart)
Overall conclusion: bearish trend
Alternative scenario: From the 1.3719 level (Friday's daily close), the price may continue downward toward the 23.6% retracement level at 1.3675 (yellow dashed line). If this level is broken, further downward movement is possible toward the 38.2% retracement level at 1.3616 (yellow dashed line).
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
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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