EURUSD 4H : Under sell pressure
EURUSD
New forecast
Trading in the EUR/USD pair fluctuates without support for the ascending channel, waiting to contribute to pushing the price down and stabilizing the price below the 1.0540 level during the coming sessions, remembering that our next target is at 1.0496.
Therefore, the downward trend scenario will remain valid and effective supported by 50 moving average that is forms continuous negative pressure against the price, and the price needs to remain below 1.0540 as a first condition for the continuation of the expected decline, as breaching the level of 1.0562 will push the price to test the pivotal resistance 1.0612.
The expect range trading for today it will be between the resistance line 1.0612 and support line 1.0462.
Additionally ,Today News will affect the market .
resistance line : 1.0612 , 1.0632
support line : 1.0540 , 1.0496
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
Trading in the EUR/USD pair fluctuates without support for the ascending channel, waiting to contribute to pushing the price down and stabilizing the price below the 1.0540 level during the coming sessions, remembering that our next target is at 1.0496.
Therefore, the downward trend scenario will remain valid and effective supported by 50 moving average that is forms continuous negative pressure against the price, and the price needs to remain below 1.0540 as a first condition for the continuation of the expected decline, as breaching the level of 1.0562 will push the price to test the pivotal resistance 1.0612.
The expect range trading for today it will be between the resistance line 1.0612 and support line 1.0462.
Additionally ,Today News will affect the market .
resistance line : 1.0612 , 1.0632
support line : 1.0540 , 1.0496
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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