EURUSD Weak trading, awaiting US economic data
Hello everyone,
EURUSD 4H NEW FORECAST
Confirmation of the breach of the 1.0715 level after closing the daily candle above it.
Continuation of the rise to return to the bullish intraday channel.
Starting to make gains starts with testing the 1.0765 level.
It is expected that breaching the 1.0765 level will extend the bullish wave to reach 1.0800 .
The 50 moving average supports the price from below and reinforces positive expectations, which will remain in place unless the 1.0715 level is broken and holds below it again.
It is necessary to note that the markets may witness mixed and strong trading at the time of the release of US economic data today, which requires caution regarding trading in the coming sessions.
EURUSD 4H NEW FORECAST
Confirmation of the breach of the 1.0715 level after closing the daily candle above it.
Continuation of the rise to return to the bullish intraday channel.
Starting to make gains starts with testing the 1.0765 level.
It is expected that breaching the 1.0765 level will extend the bullish wave to reach 1.0800 .
The 50 moving average supports the price from below and reinforces positive expectations, which will remain in place unless the 1.0715 level is broken and holds below it again.
It is necessary to note that the markets may witness mixed and strong trading at the time of the release of US economic data today, which requires caution regarding trading in the coming sessions.
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