EURUSD 4H : Under 1.0808 will drop
Updated
EURUSD
New forecast
The EUR/USD pair confirmed breaking the 1.0877 level after ending yesterday’s trading below it, turning lower and heading towards achieving negative targets starting with testing the 1.0808 level, so that the bearish bias is likely for today provided that the mentioned level is broken and remains below it to put pressure on the price to resume the main bearish path and achieve more. Negative targets are to reach 1.0755 and extend to 1.0700.
Therefore the downward scenario will be remain valid and effective during coming period ,The 50 moving average forms negative pressure that supports the expected decline, while breaching 1.0877 will stop the negative pressure and lead the price to attempt an additional upward correction in the intraday term.
The expect range trading for today it will be between the resistance line 1.0877 and support line 1.0700.
Additionally ,Today News will affect on the market.
resistance line : 1.0877 , 1.0935
support line : 1.0808 , 1.0755
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New forecast
The EUR/USD pair confirmed breaking the 1.0877 level after ending yesterday’s trading below it, turning lower and heading towards achieving negative targets starting with testing the 1.0808 level, so that the bearish bias is likely for today provided that the mentioned level is broken and remains below it to put pressure on the price to resume the main bearish path and achieve more. Negative targets are to reach 1.0755 and extend to 1.0700.
Therefore the downward scenario will be remain valid and effective during coming period ,The 50 moving average forms negative pressure that supports the expected decline, while breaching 1.0877 will stop the negative pressure and lead the price to attempt an additional upward correction in the intraday term.
The expect range trading for today it will be between the resistance line 1.0877 and support line 1.0700.
Additionally ,Today News will affect on the market.
resistance line : 1.0877 , 1.0935
support line : 1.0808 , 1.0755
Attention : We don't have any group in telegram be careful about scammer
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
EURUSDThe price perfectly fulfills my last idea and price reached to our first target + 25pip and still running .
Trade closed: target reached
EURUSD
UPDATE
The price perfectly fulfills my last idea and price reached to our first target and still running +25 pip.
Trading in the euro/dollar pair stabilizes below the level of 1.0808, After the strong decline witnessed yesterday to confirm the downward trend, to targeting 1.0755 level and by breaching this level will extending to 1.0700 level in the near future.
Therefore the downward scenario will be remain valid and effective during coming period supported by moving average 50 that is continue press the price to decline , taking into account that stabilized above 1.0836 level will help the price to build a positive waves and help the price to rise.
The expect range trading for today it will be between the resistance line 1.0836 and support line 1.0700.
Additionally ,Today News will affect on the market.
resistance line : 1.0836 , 1.0877
support line : 1.0755 , 1.0700
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
EURUSD
Update
The price perfectly fulfills my last idea and price reached to our second targets + 33 pip and still running .
The EUR/USD pair fell yesterday, reaching our targets, then rebounding from them, and now it is testing the pivotal support level 1.0755 without being able to break it yet, which keeps our neutral position intact until now, as we wait for this support to be broken or the resistance 1.0836 to be breached to confirm the trend. Next, more clearly.
We point out that breaching the resistance will push the price to conduct an additional upward correction, with its next target reaching 1.0877 and 1.0935, while breaking the support 1.0755 will put pressure on the price to return to the main bearish path and achieve negative targets that begin by visiting the 1.0665 areas and extend to 1.0600 levels .
The expect range trading for today it will be between the resistance line 1.0836 and support line 1.0665.
Additionally ,Today News will affect on the market.
resistance line : 1.0836 , 1.0877
support line : 1.0755 , 1.0665
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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