EURUSD 4H :try to breach the support zone
EURUSD
New forecast
The EUR/USD pair traded positively in the past sessions to test the resistance of the main descending channel that appears on the chart, waiting for a rebound downward to resume the downward trend again, targeting 1.0550 levels and the main conition to be continue at the bearish trend is stability under 1.0550 and then will try to reach 1.0528 and 1.0496
Therefore, we will continue to favor the downward trend for the coming period, relying on price stability below the resistance of the mentioned channel, as breaching this resistance at 1.0562 represents the key to starting an upward wave and achieving gains that begin by testing the 1.0583 areas.
The expect range trading for today it will be between the resistance line 1.0583 and support line 1.0528.
Additionally ,Today News will affect the market .
resistance line : 1.0562 , 1.0583
support line : 1.0550 , 1.0528
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 EUR/USD pair traded positively in the past sessions to test the resistance of the main descending channel that appears on the chart, waiting for a rebound downward to resume the downward trend again, targeting 1.0550 levels and the main conition to be continue at the bearish trend is stability under 1.0550 and then will try to reach 1.0528 and 1.0496
Therefore, we will continue to favor the downward trend for the coming period, relying on price stability below the resistance of the mentioned channel, as breaching this resistance at 1.0562 represents the key to starting an upward wave and achieving gains that begin by testing the 1.0583 areas.
The expect range trading for today it will be between the resistance line 1.0583 and support line 1.0528.
Additionally ,Today News will affect the market .
resistance line : 1.0562 , 1.0583
support line : 1.0550 , 1.0528
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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