EURUSD 4H : Interest rate will decide
EURUSD
New forecast
The EUR/USD pair is trading around support for the ascending corrective channel at 1.0540 , and trying to break it . because Breaking it will lead the price to head towards achieving further expected declines during the coming period, targeting visiting the 1.0496 level as the next aim.
Therefore the downward trend scenario will be remain for the coming period supported by Moving average 50 supports the continuation of the suggested downward trend, taking into account that breaching 1.0632 and holding above it will lead the price to return to the upward path. so the main condition to be continue at the bearish trend is stability under 1.0540 and then our target will be activate .
The expect range trading for today it will be between the resistance line 1.0590 and support line 1.0496.
Additionally ,Today News will affect the market .
resistance line : 1.0562 , 1.0590
support line : 1.0540 , 1.0496
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 EUR/USD pair is trading around support for the ascending corrective channel at 1.0540 , and trying to break it . because Breaking it will lead the price to head towards achieving further expected declines during the coming period, targeting visiting the 1.0496 level as the next aim.
Therefore the downward trend scenario will be remain for the coming period supported by Moving average 50 supports the continuation of the suggested downward trend, taking into account that breaching 1.0632 and holding above it will lead the price to return to the upward path. so the main condition to be continue at the bearish trend is stability under 1.0540 and then our target will be activate .
The expect range trading for today it will be between the resistance line 1.0590 and support line 1.0496.
Additionally ,Today News will affect the market .
resistance line : 1.0562 , 1.0590
support line : 1.0540 , 1.0496
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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