EURUSD 4H : under 1.0580 will reach 1.0535
EURUSD
OUTLOOK
The price perfectly fulfills my last idea and price reached to our target .
Technical abstract :
The EUR/USD pair was able to confirm breaking the 1.0632 level after closing yesterday’s trading below it, to support the continuation of the expected downward trend in the immediate and short term, organized within the downward channel that appears in the chart, and the way is open to heading towards our next target at 1.0535.
The bearish channel continues to support the proposed bearish wave, but to be sure at the bearish trend should stable under 1.0580 and then will drop keeping in mind that above 1.0580 is possible to do a retest to 1.0632 level and then drop ,also breaching 1.0663 will stop the expected decline and push the price to begin an upward correction in the mid term.
Additionally ,Today News will affect the market .
support line : 1.0580 , 1.0535
resistance line : 1.0631 , 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 ❤️
OUTLOOK
The price perfectly fulfills my last idea and price reached to our target .
Technical abstract :
The EUR/USD pair was able to confirm breaking the 1.0632 level after closing yesterday’s trading below it, to support the continuation of the expected downward trend in the immediate and short term, organized within the downward channel that appears in the chart, and the way is open to heading towards our next target at 1.0535.
The bearish channel continues to support the proposed bearish wave, but to be sure at the bearish trend should stable under 1.0580 and then will drop keeping in mind that above 1.0580 is possible to do a retest to 1.0632 level and then drop ,also breaching 1.0663 will stop the expected decline and push the price to begin an upward correction in the mid term.
Additionally ,Today News will affect the market .
support line : 1.0580 , 1.0535
resistance line : 1.0631 , 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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