EURUSD 4H : Try to drop
Updated
EURUSD
New forecast
Trading in the euro/dollar pair stabilizes around the level of 1.0875, and we are waiting for the resumption of the downward trend to head towards our next main target, which is at 1.0808, and breaking it will reach the level of 1.0744.
Therefore, the downward trend scenario will remain valid and effective for the coming period, supported by the negative pressure formed by the moving average 50, keeping in mind that breaching 1.0892 and holding above it may push the price to recover and achieve immediate gains.
The expect range trading for today it will be between the resistance line 1.0892 and support line 1.0744.
Additionally ,Today News will affect on the market .
resistance line : 1.0892 , 1.0928
support line : 1.0808 , 1.0744
Attention : We don't have any group in telegram be careful about scammer.
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New forecast
Trading in the euro/dollar pair stabilizes around the level of 1.0875, and we are waiting for the resumption of the downward trend to head towards our next main target, which is at 1.0808, and breaking it will reach the level of 1.0744.
Therefore, the downward trend scenario will remain valid and effective for the coming period, supported by the negative pressure formed by the moving average 50, keeping in mind that breaching 1.0892 and holding above it may push the price to recover and achieve immediate gains.
The expect range trading for today it will be between the resistance line 1.0892 and support line 1.0744.
Additionally ,Today News will affect on the market .
resistance line : 1.0892 , 1.0928
support line : 1.0808 , 1.0744
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade active
Trade closed: target reached
EURUSD
Update
The price perfectly fulfills my last idea and price reached to our targets.
The EUR/USD pair tested the 1.0808 barrier and found strong support there, showing some temporary upward bias. We will have to stop to neutrality until we are sure of breaking and holding below the 1.0808 level, and after that it will try to reach 1.0744 level.
Therefore, the negative scenario will remain in place until now, supported by the pressure formed by the moving average 50, remembering that the continuation of the bearish wave depends on stability below 1.0892 levels. and stabilized above 1.0832 it will force the price to start a positive correction and then drop it .
The expect range trading for today it will be between the resistance line 1.0892 and support line 1.0744.
Additionally ,Today News will affect on the market .
resistance line : 1.0892 , 1.0928
support line : 1.0808 , 1.0744
Attention : We don't have any group in telegram be careful about scammer.
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 price reached to our targets.
The euro/dollar pair traded with strong negativity in the past sessions, succeeding in stabilizing below the 1.0808 level and reaching near the 1.0744 level. We are likely to exceed this level to achieve additional negative targets up to 1.0686, relying on the price being affected by the negative pressure formed by the 50 moving average.
Therefore, we expect to witness further declines during the coming sessions, taking into account that the consolidation of the 1.0744 level in the face of the current negative pressure will push the price to try to recover and head to test the 1.0808 areas again before any new attempt to decline.
The expect range trading for today it will be between the resistance line 1.0808 and support line 1.0686.
Additionally ,Today News will affect on the market .
resistance line : 1.0808 , 1.0838
support line : 1.0744 , 1.0686
Attention : We don't have any group in telegram be careful about scammer.
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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