EURUSD 4H : Above 1.0956 Will rise up
Updated
EURUSD
New forecast
The euro/dollar pair ended yesterday's trading above the 1.0956 level, confirming a return to the upward path and heading towards achieving new positive targets extending to 1.1012 level and by breaking this level will help the price to reach 1.1088 level.
Therefore, the upward bias will be likely during the coming sessions, supported by the moving average 50, which carries the price from below, keeping in mind that breaking 1.0928 level will stop the expected rise and put pressure on the price to turn lower.
so we have to wait until stabilized above 1.0956 again and then our targets will be activate .
The expect range trading for today it will be between the resistance line 1.1012 and support line 1.0877.
Additionally ,Today News will affect on the market .
resistance line : 1.0956 , 1.1012
support line : 1.0929 , 1.0877
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New forecast
The euro/dollar pair ended yesterday's trading above the 1.0956 level, confirming a return to the upward path and heading towards achieving new positive targets extending to 1.1012 level and by breaking this level will help the price to reach 1.1088 level.
Therefore, the upward bias will be likely during the coming sessions, supported by the moving average 50, which carries the price from below, keeping in mind that breaking 1.0928 level will stop the expected rise and put pressure on the price to turn lower.
so we have to wait until stabilized above 1.0956 again and then our targets will be activate .
The expect range trading for today it will be between the resistance line 1.1012 and support line 1.0877.
Additionally ,Today News will affect on the market .
resistance line : 1.0956 , 1.1012
support line : 1.0929 , 1.0877
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 first target +60 pip.
The EURUSD pair rose in yesterday's trading after that, reaching our expected target at the level of 1.1012, and with stability above it, it will receive a positive incentive that supports the chances of continuing the rise and achieving other positive goals, which begin by visiting the level of 1.1088.
Therefore, the bullish bias is likely for today, supported by the move above the moving average 50, keeping in mind that breaking 1.0956 will stop the expected rise and pressure the price to head down.
The expect range trading for today it will be between the resistance line 1.1088 and support line 1.0956.
Additionally ,Today News will affect on the market .
resistance line : 1.1088 , 1.1112
support line : 1.1012 , 1.0956
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Note
EURUSD
Update
The price of the euro against the dollar rose slightly after breaking the level of 1.1012, confirming the upward trend during the coming trading and attempts to reach the level of 1.1088 during the coming period.
Thereofre the upward scenario will be remain valid and effective ,supported by moving avergae 50 that is continue to support the price to rise up , but we will see the weak trading due to the holiday in the financial markets ,taking into account that stabilized under 1.0928 level will postponed the bullish waves.
resistance line : 1.1088 , 1.1112
support line : 1.1012 , 1.0956
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Note
EURUSD
Update
The price perfectly fulfills my last idea and price is near to our first target + 50 pip ,and still running .
The euro/dollar pair is showing further rise, gradually approaching the main awaited target at 1.1088 and 1.1112, to support the chances of surpassing the aforementioned level and opening the way to achieving more gains in the immediate and short term, noting that breaching this level will push the price to head towards 1.1148 as a positive station. deification.
Therefore, we continue to favor the upward trend for the coming period, supported by moving average 50 that is continue to support the price to rise up , keeping in mind that breaking 1.0956 will stop the expected rise and put pressure on the price to turn lower.
The expect range trading for today it will be between the resistance line 1.1112 and support line 1.1012.
resistance line : 1.1088 , 1.1112
support line : 1.1012 , 1.0956
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Trade closed: target reached
EURUSD
Update
The price perfectly fulfills my last idea and price reached to our targets + 80 pip.
Trading in the euro/dollar pair stabilizes around the 1.1100 level, awaiting the gathering of positive momentum that will contribute to pushing the price to resume the expected upward trend for today, which targets the levels of 1.1148 and then 1.1200 as the next main stations.
Therefore the upward scenario will be remain valid and effective during coming period , supported by moving average 50 that is continue to support the price to rise up , taking into account that stabilized under 1.1088 will put the price to under sell pressure again .
The expect range trading for today it will be between the resistance line 1.1200 and support line 1.1088.
Additionally ,Today News will affect on the market .
resistance line : 1.1148 , 1.1200
support line : 1.1088 , 1.1012
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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