EURUSD 4H :Retest and then rise up
Updated
EURUSD
New forecast
The euro/dollar pair rose in yesterday's trading and ended above the 1.0808 level, confirming the continuation of the dominance of the bullish corrective trend. so positive targets will be began by breaking 1.0882 level and reach to 1.0906 and 1.0935 .
Therefore, the upward scenario will be remain valid during coming period ,supported by moving average 50 that is continue to support the price to rise up , but right now the price need to forms the negative correction to 1.0836 and if can break it then will be continue at the negative correction to 1.0808 then will rise up , taking into account that stabilized under 1.0808 will postponed the bullish trend .
The expect range trading for today it will be between the resistance line 1.0882 and support line 1.0808.
Additionally ,Today News will affect the market .
resistance line : 1.0882 , 1.0935
support line : 1.0836 , 1.0808
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 rose in yesterday's trading and ended above the 1.0808 level, confirming the continuation of the dominance of the bullish corrective trend. so positive targets will be began by breaking 1.0882 level and reach to 1.0906 and 1.0935 .
Therefore, the upward scenario will be remain valid during coming period ,supported by moving average 50 that is continue to support the price to rise up , but right now the price need to forms the negative correction to 1.0836 and if can break it then will be continue at the negative correction to 1.0808 then will rise up , taking into account that stabilized under 1.0808 will postponed the bullish trend .
The expect range trading for today it will be between the resistance line 1.0882 and support line 1.0808.
Additionally ,Today News will affect the market .
resistance line : 1.0882 , 1.0935
support line : 1.0836 , 1.0808
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 first target and then reversed +30 pip .
The price of the euro pair against the dollar declined and reached pivotal support at the level of 1.0838, to maintain our preference for the upward trend during the coming trading.
Therefore the upward scenario will be remain valid and effective supported by moving average that continue to support the price to rise up to targeting 1.0882 and breach that level it will make the task easier in front of the price to reach 1.0935, also it is possible to be continue at the negative correction to 1.0798 and then rise up .taking into account that stabilized under 1.0798 will postponed the bullish trend .
The expect range trading for today it will be between the resistance line 1.0882 and support line 1.0808.
Additionally ,Today News will affect the market .
resistance line : 1.0882 , 1.0935
support line : 1.0836 , 1.0808
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 + 30 pip.
Now , to continue at the bullish trend should stable above 1.0882 and then will reach the second target ,
Trade closed: target reached
EURUSD
Update
The price perfectly fulfills my last idea and price reached to our second target + 85 pip.
The euro/dollar pair rushed upward after confirming the breach of the 1.0882 level, waiting for stability above the 1.0955 level. We expect the bullish tendency to continue to exceed this level and conduct an additional upward correction, with its next target reaching the 1.0982 and 1.1043 areas.
Therefore, the upward bias will be likely during the coming sessions, supported by the moving average 50, so we have to wait until stabilized above the resistance level at 1.0955 and then our target will be activate , taking into account that the continuation of the upward wave requires stability above the 1.0882 level. so if price failure to stabilized above the resistance then it will forced to do a retest to 1.0882.
The expect range trading for today it will be between the resistance line 1.0955 and support line 1.0882.
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 is on the way to reach to our targets .
The price of the Euro/Dollar pair rose and reached the top of the resistance level at 1.0955, and attempts are being made to penetrate it now, to support expectations of a continuation of the upward corrective trend, waiting for positive momentum to contribute to pushing the price to confirm a breakthrough and stability above the resistance area of 1.0955 and heading towards the expected target, with a reminder that The next target extends to the 1.0982 and 1.1012 areas in the near term.
Therefore the upward scenario will be remain valid during coming period supported by moving average 50 that is continue to support the price to rise up, taking into account that failure to exceed 1.0955 may put pressure on the price to bounce downwards and head to test the 1.0882 areas before any new positive attempt.
The expect range trading for today it will be between the resistance line 1.0955 and support line 1.0882.
Additionally ,Today News will affect the market .
resistance line : 1.0955 , 1.0982
support line : 1.0935 , 1.0882
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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