EURUSD needs a strong negative stimulus
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EURUSD 4H NEW FORECAST
The price of the euro against the dollar fluctuates slightly negatively.
It tries to stay away from the broken neckline of the double top pattern.
It is under negative pressure formed by the 50 moving average.
To support the continuation of the expected downward trend in the immediate term.
Its targets start by testing the 1.0765 level.
We continue to favor the downward trend in the immediate term, noting that the targets of the above-mentioned model extend to 1.0685after exceeding the first target, while breaching 1.0800 will stop the expected decline and lead the price to turn higher.
EURUSD 4H NEW FORECAST
The price of the euro against the dollar fluctuates slightly negatively.
It tries to stay away from the broken neckline of the double top pattern.
It is under negative pressure formed by the 50 moving average.
To support the continuation of the expected downward trend in the immediate term.
Its targets start by testing the 1.0765 level.
We continue to favor the downward trend in the immediate term, noting that the targets of the above-mentioned model extend to 1.0685after exceeding the first target, while breaching 1.0800 will stop the expected decline and lead the price to turn higher.
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