EURUSD awaits further decline
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EURUSD 4H NEW FORECAST
The price of the euro against the dollar fluctuates around the $1.0800 barrier, and is affected by the previously completed double top pattern, heading towards achieving more of the expected bearish slope during the coming sessions, remembering that the expected targets start at $1.0765 and extend to 1.0685 after breaking the previous level.
The moving average 50 constitutes negative pressure that supports the continuation of the expected downward trend, which will remain in place unless the price rushes to breach the 1.0860 level and hold above it, which will nullify the aforementioned negative pattern and lead the price to recover
EURUSD 4H NEW FORECAST
The price of the euro against the dollar fluctuates around the $1.0800 barrier, and is affected by the previously completed double top pattern, heading towards achieving more of the expected bearish slope during the coming sessions, remembering that the expected targets start at $1.0765 and extend to 1.0685 after breaking the previous level.
The moving average 50 constitutes negative pressure that supports the continuation of the expected downward trend, which will remain in place unless the price rushes to breach the 1.0860 level and hold above it, which will nullify the aforementioned negative pattern and lead the price to recover
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