EURUSD 4H : downtrend under 1.0608
EURUSD
New forecast
The euro/dollar pair continued to rise, breaching the 1.0545 level and settling above it, heading towards making some upward correction, targeting testing the 1.0608 level as a stop.
Therefore, a bearish bias will be likely for today supported by bearish channel , so as long as the price is trading below a barrier the price will try to continue at the bearish main trend and our target will be 1.0540 and 1.0500 ,taking in account that breaching the 1.0608 will postponed the bearish trend and will try to continue at the correction .
The expect range trading for today it will be between the resistance line 1.0608 and support line 1.0541.
Additionally ,Today News will affect the market .
support line : 1.0541 , 1.0500
resistance line : 1.0608 , 1.0663
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
New forecast
The euro/dollar pair continued to rise, breaching the 1.0545 level and settling above it, heading towards making some upward correction, targeting testing the 1.0608 level as a stop.
Therefore, a bearish bias will be likely for today supported by bearish channel , so as long as the price is trading below a barrier the price will try to continue at the bearish main trend and our target will be 1.0540 and 1.0500 ,taking in account that breaching the 1.0608 will postponed the bearish trend and will try to continue at the correction .
The expect range trading for today it will be between the resistance line 1.0608 and support line 1.0541.
Additionally ,Today News will affect the market .
support line : 1.0541 , 1.0500
resistance line : 1.0608 , 1.0663
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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