EURUSD losing momentum
Hello everyone,
EURUSD 4H NEW FORECAST
The euro/dollar price trades stabilize at the broken neckline of the double top pattern.
The price remains stable below it, which keeps the negative effect of this pattern effective.
The expected bearish trend is expected to resume in the intraday period, keeping the first target at 1.08286 .
The Stochastic indicator is losing its positive momentum, reaching overbought areas now.
It is expected to stimulate the price to resume the expected decline, with negative targets exceeding the 1.0765 level.
Expectations and expected range
We will continue to favor the downward trend unless the price rushes to breach the 1.0860 level and hold above it.
EURUSD 4H NEW FORECAST
The euro/dollar price trades stabilize at the broken neckline of the double top pattern.
The price remains stable below it, which keeps the negative effect of this pattern effective.
The expected bearish trend is expected to resume in the intraday period, keeping the first target at 1.08286 .
The Stochastic indicator is losing its positive momentum, reaching overbought areas now.
It is expected to stimulate the price to resume the expected decline, with negative targets exceeding the 1.0765 level.
Expectations and expected range
We will continue to favor the downward trend unless the price rushes to breach the 1.0860 level and hold above it.
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