EURUSD 4H : show more bearish
Updated
EURUSD
OUTLOOK
The price perfectly fulfills my last idea and price in the way to reach our target .
The EUR/USD pair shows more bearish tendency to gradually approach our expected target at 1.0535, and we expect negative trading to continue to achieve additional negative targets extending to the 1.0501 areas.
Therefore, the downward trend scenario will remain valid and effective for the coming period, organized within the downward channel that appears on the chart, supported by the downward channel and the strength of the dollar, which continues to put negative pressure on the price, keeping in mind that stability below the 1.0631 level represents a basic condition for achieving the expected goals.
The expect range trading for today it will be between the resistance line 1.0580 and support line 1.0535.
Additionally ,Today News will affect the market .
support line : 1.0535 , 1.0501
resistance line : 1.0580 , 1.0631
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 in the way to reach our target .
The EUR/USD pair shows more bearish tendency to gradually approach our expected target at 1.0535, and we expect negative trading to continue to achieve additional negative targets extending to the 1.0501 areas.
Therefore, the downward trend scenario will remain valid and effective for the coming period, organized within the downward channel that appears on the chart, supported by the downward channel and the strength of the dollar, which continues to put negative pressure on the price, keeping in mind that stability below the 1.0631 level represents a basic condition for achieving the expected goals.
The expect range trading for today it will be between the resistance line 1.0580 and support line 1.0535.
Additionally ,Today News will affect the market .
support line : 1.0535 , 1.0501
resistance line : 1.0580 , 1.0631
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached
EURUSD UPDATE
The price perfectly fulfills my last idea and reached to our first target +45 pip and now try to reach the second target, the main condition to reach the second target is stabilized under 1.0535 and then it will be easy to reach 1.0501
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