EURUSD 4H : Waiting for today news
EURUSD
New forecast
Trading in the euro against the dollar pair stabilizes below the level of 1.0956, so that the bearish trend scenario remains effective for the coming period, supported by the negative pressure formed by the moving average 50, waiting for stability below the level of 1.0892 to resume the bearish wave that targets the level of 1.0808 as a next station, and by breaking it, it will reach the level of 1.0744.
Stability below 1.0960 is important for the expected decline to continue, with the need to be aware that the markets may witness strong and mixed trading at the time of the release of US economic data this afternoon, while the breach of 1.0956 represents a positive factor that will lead the price to try to return to the upward path and achieve new gains.
The expect range trading for today it will be between the resistance line 1.0956 and support line 1.0808.
Additionally ,Today News will affect on the market .
resistance line : 1.0956 , 1.1012
support line : 1.0892 , 1.0808
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New forecast
Trading in the euro against the dollar pair stabilizes below the level of 1.0956, so that the bearish trend scenario remains effective for the coming period, supported by the negative pressure formed by the moving average 50, waiting for stability below the level of 1.0892 to resume the bearish wave that targets the level of 1.0808 as a next station, and by breaking it, it will reach the level of 1.0744.
Stability below 1.0960 is important for the expected decline to continue, with the need to be aware that the markets may witness strong and mixed trading at the time of the release of US economic data this afternoon, while the breach of 1.0956 represents a positive factor that will lead the price to try to return to the upward path and achieve new gains.
The expect range trading for today it will be between the resistance line 1.0956 and support line 1.0808.
Additionally ,Today News will affect on the market .
resistance line : 1.0956 , 1.1012
support line : 1.0892 , 1.0808
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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