EURUSD 4H : Returned to bearish channel
EURUSD
New forecast
The EUR/USD pair continued to decline to settle around 1.0550, resuming the main bearish trend within the bearish channel that appears on the chart, waiting to visit the levels of 1.0496 and then 1.0463 as the next main targets.
Therefore, we expect to witness further decline during the coming sessions, supported by the downward channel, keeping in mind that breaching 1.0620 levels will stop the expected downward trend and lead the price to conduct an additional upward correction in the immediate and short term.
The expect range trading for today it will be between the resistance line 1.0567 and support line 1.0496.
Additionally ,Today News will affect the market .
resistance line : 1.0550 , 1.0588
support line : 1.0496, 1.0462
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 EUR/USD pair continued to decline to settle around 1.0550, resuming the main bearish trend within the bearish channel that appears on the chart, waiting to visit the levels of 1.0496 and then 1.0463 as the next main targets.
Therefore, we expect to witness further decline during the coming sessions, supported by the downward channel, keeping in mind that breaching 1.0620 levels will stop the expected downward trend and lead the price to conduct an additional upward correction in the immediate and short term.
The expect range trading for today it will be between the resistance line 1.0567 and support line 1.0496.
Additionally ,Today News will affect the market .
resistance line : 1.0550 , 1.0588
support line : 1.0496, 1.0462
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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