EURUSD 4H : still support to rise
Updated
EURUSD
New forecast
The Euro/Dollar pair found strong resistance at the level of 1.0955, to bounce back and test the 1.0882 barrier, waiting to stimulate the price to resume positive trading to reach 1.0955 again and breach the aforementioned resistance to open the way for the rush towards our next positive station, which reaches 1.0982 and 1.1043.
Therefore, we will continue to favor the upward trend for the coming period with support from the moving average 50 unless the 1.0836 level is broken and holds below it.
Additionally ,Today News will affect the market .
resistance line : 1.0935 ,1.0955
support line :1.0882 , 1.0836
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 Euro/Dollar pair found strong resistance at the level of 1.0955, to bounce back and test the 1.0882 barrier, waiting to stimulate the price to resume positive trading to reach 1.0955 again and breach the aforementioned resistance to open the way for the rush towards our next positive station, which reaches 1.0982 and 1.1043.
Therefore, we will continue to favor the upward trend for the coming period with support from the moving average 50 unless the 1.0836 level is broken and holds below it.
Additionally ,Today News will affect the market .
resistance line : 1.0935 ,1.0955
support line :1.0882 , 1.0836
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Note
EURUSD
UPDATE
The price perfectly fulfills my last idea and price was reached to the near to our target +30 pip and still running .
The euro/dollar pair rose yesterday after testing the support level of 1.0877 and rebounded upwards from there, so that the upward trend remains active in the immediate term, which aims to test the 1.0955 level as a first stop, and stabilized above this level will extend the bullish wave to reach 1.1012 and 1.1043 levels.
Therefore the upward scenario will be remain valid and effective during coming period , taking into account that stabilized under 1.0877 level will put the price under sell pressure and will postponed the bullish trend in meditate term. and failure to stabilized above 1.0955 level will force the price to start a negative correction again .
The expect range trading for today it will be between the resistance line 1.0955 and support line 1.0877.
resistance line : 1.0955 , 1.0982
support line : 1.0877 , 1.0836
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Note
EURUSDUPDATE
our last idea still active and we continue expect the upward scenario will be remain valid for coming period ,
Additionally ,Today News will affect on the market .
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