@moneyandcharts

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Avg. Quality

80

Success Rate

11.67

Analysis

60
Correct
7
Fail
25
Pending
28
Ineffective
0
Total Quality
Score
If You Had Traded on This Analysis…
Correct
EURUSD
Entry 1.1282 2025-05-24 08:30 UTC
Target 1.1717 In 1 Months
Fail 1.1060
Risk / Reward 1 : 2
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Final PnL
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EURUSD
Correct
Forex
Technical
1H
Analysis Predict Bull Market
Body
The analysis reviews Citigroup which is in a bullish phase after a head and shoulders bottom formed in November. Citigroup closed above the 20-day SMA, with a target of 97.49. The Dollar Index is analyzed and is undergoing a corrective rebound which has ended and a bearish resumption phase is underway with target at 96.22. EURUSD is reviewed with initial falling to 1.1064 short of the 1.0955 expected, but after closing above the 20-day SMA, the bullish resumption phase has begun, the textbook target for EURUSD is 1.1717. A new coverage begins with Alibaba forming cup and handle top which is a bearish signal with support at 95.70. Also Merck & Co appears to be forming a falling wedge a bullish pattern with a breakout above the resistance trendline to complete with a textbook target at 96.78, with RSI showing momentum divergence.
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