EURUSD 4H : Waiting for breach the resistance
Updated
EURUSD
New forecast
The price perfectly fulfills my last idea and price reached to our target + 50 pip.
The EUR/USD pair is trying to penetrate the resistance level at 1.0956 and is fluctuating near it, waiting to gather positive momentum that will contribute to pushing the price to resume positive trading and stabilized above the aforementioned level to confirm the continuation of the bullish wave in the immediate and short term, remembering that our next target is at 1.0982, 1.1012, and 1.1043, respectively. and our targets will be activate when price can stable above 1.0956 level
Therefore the upward scenario will be remain valid and effective during coming period , The 50 moving average continues to support the expected upward trend, which will remain in place provided that the price maintains its stability above the 1.0877 level.
The expect range trading for today it will be between the resistance line 1.0982 and support line 1.0935.
Additionally ,Today News will affect the market .
resistance line : 1.0956 , 1.0982
support line :1.0935 , 1.0877
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 price perfectly fulfills my last idea and price reached to our target + 50 pip.
The EUR/USD pair is trying to penetrate the resistance level at 1.0956 and is fluctuating near it, waiting to gather positive momentum that will contribute to pushing the price to resume positive trading and stabilized above the aforementioned level to confirm the continuation of the bullish wave in the immediate and short term, remembering that our next target is at 1.0982, 1.1012, and 1.1043, respectively. and our targets will be activate when price can stable above 1.0956 level
Therefore the upward scenario will be remain valid and effective during coming period , The 50 moving average continues to support the expected upward trend, which will remain in place provided that the price maintains its stability above the 1.0877 level.
The expect range trading for today it will be between the resistance line 1.0982 and support line 1.0935.
Additionally ,Today News will affect the market .
resistance line : 1.0956 , 1.0982
support line :1.0935 , 1.0877
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Note
EURUSD
Update
The EUR/USD pair is renewing attempts to breach the resistance level at 1.0956 after the decline it witnessed yesterday evening, waiting for this level to be breached to confirm the continuation of the upward wave and head towards 1.0982 and 1.1043 as the next positive station.
Therefore the upward scenario sill available but to confirm the bullish trend should stable above 1.0956 level , Taking into account that failure to breach 1.0956 will put pressure on the price to bounce downwards to test the 1.0876 areas before any new attempt to rise.
The expect range trading for today it will be between the resistance line 1.0982 and support line 1.0935.
Additionally ,Today News will affect the market .
resistance line : 1.0956 , 1.0982
support line :1.0935 , 1.0877
Attention : we don't have any group in telegram be careful about scammers.
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
Trade closed: target reached
EURUSD
Update
The price perfectly fulfills my last idea and price reached to our second targets +60 pip.
The EUR/USD pair confirmed breaching the 1.0956 level after ending yesterday's trading above it, reinforcing expectations of the continuation of the upward trend in the immediate and short term, organized within the ascending channel that appears in the chart, remembering that our next target is at 1.1043, extending to 1.1088.
Therefore the upward scenario will be remain valid and effective during coming period supported by moving average 50 that continues to support the suggested bullish wave and supported by the ascending channel that is formed the pressure on the price to rise up , which will remain in effect provided that the price maintains its stability above the 1.0935 level.also it is possible to do a retest to the 1.0956 level and then rise up .
The expect range trading for today it will be between the resistance line 1.1088 and support line 1.0935.
Additionally ,Today News will affect the market .
resistance line : 1.1012 , 1.1088
support line : 1.0956 , 1.0935
Attention : we don't have any group in telegram be careful about scammers.
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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