EURUSD 1H : Downtrend under 1.0631
Updated
EURUSD
OUTLOOK
The EUR/USD pair continue to offering negative trades , waiting to stimulate the price to resume the expected downward trend for the coming period, the goals of which begin with breaking and stabilized under the 1.0632 level to open the way for the rush towards 1.0580 and 1.0535.
Therefore, we are awaiting further expected decline in the immediate and short term, supported by the negative pressure formed by the bearish channel, keeping in mind that breaching 1.0690 will stop the negative scenario and lead the price to begin recovery attempts targeting testing the 1.0720 areas before any new attempt to decline.
support line : 1.0631 , 1.0580
resistance line : 1.0661 , 1.0690
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OUTLOOK
The EUR/USD pair continue to offering negative trades , waiting to stimulate the price to resume the expected downward trend for the coming period, the goals of which begin with breaking and stabilized under the 1.0632 level to open the way for the rush towards 1.0580 and 1.0535.
Therefore, we are awaiting further expected decline in the immediate and short term, supported by the negative pressure formed by the bearish channel, keeping in mind that breaching 1.0690 will stop the negative scenario and lead the price to begin recovery attempts targeting testing the 1.0720 areas before any new attempt to decline.
support line : 1.0631 , 1.0580
resistance line : 1.0661 , 1.0690
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
EURUSDUPDATE
The price perfectly fulfills my last idea and reached to our target +50 pip .
to be continue at the bearish trend should stable under 1.0580 and then will reach to our second target .
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