EURUSD 4H : Still support further decline
EURUSD
New forecast
The EUR/USD pair shows an upward tendency to try to move above the support of the ascending channel, noting that the 50 moving average forms continuous negative pressure against the price,
Therefore, these factors encourage us to expect the resumption of the downward trend for today, heading towards testing the 1.0496 and 1.0462 levels mainly, taking into account that breaching 1.0585 will stop the expected decline and lead the price to attempt to return to the upward corrective path again.
The expect range trading for today it will be between the resistance line 1.0612 and support line 1.0462.
Additionally ,Today News will affect the market .
resistance line : 1.0562 , 1.0612
support line : 1.0540 , 1.0496
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 shows an upward tendency to try to move above the support of the ascending channel, noting that the 50 moving average forms continuous negative pressure against the price,
Therefore, these factors encourage us to expect the resumption of the downward trend for today, heading towards testing the 1.0496 and 1.0462 levels mainly, taking into account that breaching 1.0585 will stop the expected decline and lead the price to attempt to return to the upward corrective path again.
The expect range trading for today it will be between the resistance line 1.0612 and support line 1.0462.
Additionally ,Today News will affect the market .
resistance line : 1.0562 , 1.0612
support line : 1.0540 , 1.0496
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.