top of page
  • Writer's picturePeet Serfontein

Analyst Thoughts: EUR/USD Medium-Term

2024 TREND PROBABILITIES - DIVERSE AND EXTENSIVE CONDITIONS


  • The shaded rectangle indicates possible price action parameters for 2024, with interim bull and bear phases within the RA2/S1* range.

  • The current A,B,C gains should target RA2*.

  • The W,X,Y downside off RA2* to S0 and S1* is expected to complete the RA2*/S1* consolidation phase.

  • The eventual bull trend to R3 would likely only materialise after 2024.

  • RA2* and S1* are the pivotal levels for the range trading outlook.

 


Target and Re-assessment Levels:

Important Levels: RA2* and S1*

Primary Trend and Target Levels: Bull phase to RA2*, then downside to S1*

Monthly Range: R1/S0

Prevailing Trend and Target Levels: Gains off S0 to R1

Technical Rating: Medium



4 views0 comments
bottom of page