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EURUSD 4H NEW FORECAST
Current Market Condition:
Price is around 1.0482, facing rejection from the resistance zone (1.0500 - 1.0520).
Market is in a pullback phase after testing resistance.
Bullish Scenario (If Price Holds Above 1.0445 - Pivot Line)
1️⃣ If price finds support at 1.0445 (pivot line) and bounces, it could attempt another push higher.
2️⃣ First target → 1.0500
3️⃣ Break above 1.0520 → 1.0550 & 1.0560 (major resistance zone).
🔹 Key confirmation: A 4H candle closing above 1.0520 signals strong bullish momentum.
Bearish Scenario (If Price Breaks Below 1.0445 - Pivot Line)
1️⃣ If price falls below 1.0445, sellers may take control.
2️⃣ First target → 1.0400 (support zone).
3️⃣ Further downside → 1.0345 (next major support).
🔻 Key confirmation: A 4H candle closing below 1.0445 confirms bearish sentiment.
Trading Plan Based on This Analysis:
Buy above 1.0445 → Targeting 1.0500 & 1.0520.
Sell below 1.0445 → Targeting 1.0400 & 1.0345.
Wait for confirmation before entering a trade.
EURUSD 4H NEW FORECAST
Current Market Condition:
Price is around 1.0482, facing rejection from the resistance zone (1.0500 - 1.0520).
Market is in a pullback phase after testing resistance.
Bullish Scenario (If Price Holds Above 1.0445 - Pivot Line)
1️⃣ If price finds support at 1.0445 (pivot line) and bounces, it could attempt another push higher.
2️⃣ First target → 1.0500
3️⃣ Break above 1.0520 → 1.0550 & 1.0560 (major resistance zone).
🔹 Key confirmation: A 4H candle closing above 1.0520 signals strong bullish momentum.
Bearish Scenario (If Price Breaks Below 1.0445 - Pivot Line)
1️⃣ If price falls below 1.0445, sellers may take control.
2️⃣ First target → 1.0400 (support zone).
3️⃣ Further downside → 1.0345 (next major support).
🔻 Key confirmation: A 4H candle closing below 1.0445 confirms bearish sentiment.
Trading Plan Based on This Analysis:
Buy above 1.0445 → Targeting 1.0500 & 1.0520.
Sell below 1.0445 → Targeting 1.0400 & 1.0345.
Wait for confirmation before entering a trade.
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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.
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.