EURUSD 4H : Confirm the bullish trend
Updated
EURUSD
New forecast
The price of EUR/USD pair confirm the breach the resistance zone at 1.0632 which leads to rise up during coming period and targeting 1.0660 as a next positive station and breach the mentioned level will extend to 1.0686.
Therefore the uptrend scenario will be remain valid and affective supported by moving average 50 that is continues to support the price at the bullish waves , taking into account that stabilized below 1.0612 will forces the price to present the negative trades ,so it is possible to retest to support zone and then rise up.
The expect range trading for today it will be between the resistance line 1.0660 and support line 1.0612.
Additionally ,Today News will affect the market .
resistance line : 1.0660 , 1.0686
support line : 1.0632 , 1.0612
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 price of EUR/USD pair confirm the breach the resistance zone at 1.0632 which leads to rise up during coming period and targeting 1.0660 as a next positive station and breach the mentioned level will extend to 1.0686.
Therefore the uptrend scenario will be remain valid and affective supported by moving average 50 that is continues to support the price at the bullish waves , taking into account that stabilized below 1.0612 will forces the price to present the negative trades ,so it is possible to retest to support zone and then rise up.
The expect range trading for today it will be between the resistance line 1.0660 and support line 1.0612.
Additionally ,Today News will affect the market .
resistance line : 1.0660 , 1.0686
support line : 1.0632 , 1.0612
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached
EURUSD The price perfectly fulfills my last idea and price reached to our first target and then dropped + 20 pip.
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