Hello everyone,
EURUSD 4H NEW FORECAST
The price of the euro against the dollar rose strongly at the end of yesterday’s trading, breaching the 1.0860 level and approaching the 1.0910 level now, as we note that the price was based on the penetrating neckline of the previously completed inverted head and shoulders pattern and resumed the positive effect of this pattern, on its way to achieving expected gains. During the coming sessions, the targets begin to exceed 1.0960 to open the way towards heading towards 1.0980 as the next main station.
From here, an upward trend is expected for today, taking into account that failure to breach 1.0960 will halt the proposed rise and put pressure on the price to decline again.
timeframe: 4H
EURUSD 4H NEW FORECAST
The price of the euro against the dollar rose strongly at the end of yesterday’s trading, breaching the 1.0860 level and approaching the 1.0910 level now, as we note that the price was based on the penetrating neckline of the previously completed inverted head and shoulders pattern and resumed the positive effect of this pattern, on its way to achieving expected gains. During the coming sessions, the targets begin to exceed 1.0960 to open the way towards heading towards 1.0980 as the next main station.
From here, an upward trend is expected for today, taking into account that failure to breach 1.0960 will halt the proposed rise and put pressure on the price to decline again.
timeframe: 4H
