EURUSD 4H awaits further declineThe EUR/USD pair shows an additional bearish tendency to continue approaching the first expected target at 1.0640, , so that… The bearish trend scenario remains valid for today,
Pivot Price: 1.0656
Resistance prices: 1.0687 & 1.0706 & 1.0731
Support prices: 1.0632 & 1.0607 & 1.0570
timeframe: 4H
Eurusds
EURUSD 4H Midday updateA narrow range has dominated trading in the EUR/USD pair since the morning, awaiting the release of US economic data, which is expected to cause mixed trading in the markets.
The general expected tendency for today: Neutral
Pivot Price: 1.06295
Resistance prices: 1.06634 & 1.06871 & 1.07067
Support prices: 1.06054 & 1.05840 & 1.05567
EURUSD 4H Pivot Price: 1.12242 EURUSD
stabilizing above 1.12242 will support rising to touch 1.12643 then 1.13076 then 1.13488
stabilizing under 1.12242 will support falling to touch 1.11803 the 1.1139
Pivot Price: 1.12242
Resistance prices: 1.12643 & 1.13076 & 1.13488
Support prices: 1.11803 & 1.1139 & 1.10954
timeframe: 4H
EURUSD - head and shoulderthat's why i'm going for short:
1-head and shoulder pattern (waiting for right shoulder)
2- price touched the support zone (neckline)
3- RSI (14) shows a bearish divergence
notice: in daily time frame we can see another head and shoulder that shows us a bullish movements possibility!
so here we have 2 position opportunity .
short in h4 and long in daily .
lets see what happens!