EURUSD 4H : It looks will drop again
EURUSD
New forecast
The euro/dollar pair rose to test resistance at 1.0956, waiting to encourage the price to resume the expected downward trend in the intraday term, whose next main target is at 1.0877. By breaking it, it will move to 1.0836 level .
Therefore the downward scenario will be more likely during coming period , Stability below 1.0956 represents a basic condition for the continuation of the expected decline, as breaching it will push the price to recover again and open the way to achieving new gains.
The expect range trading for today it will be between the resistance line 1.1012 and support line 1.0836.
Additionally ,Today News will affect on the market .
resistance line : 1.0956 , 1.1012
support line : 1.0877 , 1.0836
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New forecast
The euro/dollar pair rose to test resistance at 1.0956, waiting to encourage the price to resume the expected downward trend in the intraday term, whose next main target is at 1.0877. By breaking it, it will move to 1.0836 level .
Therefore the downward scenario will be more likely during coming period , Stability below 1.0956 represents a basic condition for the continuation of the expected decline, as breaching it will push the price to recover again and open the way to achieving new gains.
The expect range trading for today it will be between the resistance line 1.1012 and support line 1.0836.
Additionally ,Today News will affect on the market .
resistance line : 1.0956 , 1.1012
support line : 1.0877 , 1.0836
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 ❤️
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