EURUSD 1H :Downtrend
EURUSD
OUTLOOK
Technical abstract :
The price perfectly fulfills my last idea, and the price reached to our second target .
Now , Trading in the EUR/USD pair rebounded strongly after the rise it witnessed yesterday evening, and the day began with an additional decline, succeeding in breaking the 1.0635 level , opening the way for the continuation of the main bearish trend and heading towards the next negative target 1.0580 ,to confirm the bearish trend should stable under 1.0632 and then will reach to our target .
Therefore, we expect to witness more bearish bias during the coming sessions, taking into account that breaching 1.0663 levels will stop the expected decline and price will try to retest to1.0690 and then drop again .
The expect range trading for today it will be between resistance line 1.0690 and support line 1.0632
Additionally : today news will affect the market .
support line : 1.0632 , 1.0580
resistance line : 1.0690 , 1.0720
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OUTLOOK
Technical abstract :
The price perfectly fulfills my last idea, and the price reached to our second target .
Now , Trading in the EUR/USD pair rebounded strongly after the rise it witnessed yesterday evening, and the day began with an additional decline, succeeding in breaking the 1.0635 level , opening the way for the continuation of the main bearish trend and heading towards the next negative target 1.0580 ,to confirm the bearish trend should stable under 1.0632 and then will reach to our target .
Therefore, we expect to witness more bearish bias during the coming sessions, taking into account that breaching 1.0663 levels will stop the expected decline and price will try to retest to1.0690 and then drop again .
The expect range trading for today it will be between resistance line 1.0690 and support line 1.0632
Additionally : today news will affect the market .
support line : 1.0632 , 1.0580
resistance line : 1.0690 , 1.0720
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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