EURUSD 4H short-term decline

EURUSD IDEA

The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on EUR/USD as long as the price remains well below 1.0930 The next bearish objective for sellers is set at 1.0838, A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.0764, In case of crossing, the next objective would be the support located at 1.0668.

otherwise should be stable above 1.0960 to be a bullish trend


Pivot Price: 1.0883
Resistance prices: 1.0950 & 1.1013 & 1.10770
Support prices: 1.0833 & 1.0767 & 1.0680

The movement range will be between 1.1013 and 1.0838

Yorum:

The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on EUR/USD as long as the price remains well below 1.0930 The next bearish objective for sellers is set at 1.0838, A bearish break of this support would revive the bearish momentum.
The sellers could then target the support located at 1.0764, In case of crossing, the next objective would be the support located at 1.0668.

otherwise should be stable above 1.0960 to be a bullish trend


Pivot Price: 1.0930
Resistance prices: 1.0960 & 1.1013 & 1.10770
Support prices: 1.0833 & 1.0767 & 1.0680

The movement range will be between 1.1013 and 1.0838