EURUSD 4H : support further rise
Updated
EURUSD
New forecast
The EUR/USD pair confirmed breaching the 1.0487 level after ending yesterday's trading above it, turning to the upside and heading towards achieving gains targeting testing the 1.0554 level as the next main station, awaiting further expected rise during the coming sessions.
Therefore the upward trend scenario will remain valid and effective supported by the barrier and to confirm the bullish trend should stable above 1.0525 so Breaking 1.0525 will make it easier for the price to achieve the suggested target, while breaking 1.0487 will stop the upward trend and put pressure on the price to return to the main downward path again.
The expect range trading for today it will be between the resistance line 1.0525 and support line 1.0501.
Additionally ,Today News will affect the market .
support line : 1.0501 , 1.0487
resistance line : 1.0525 , 1.0554
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 confirmed breaching the 1.0487 level after ending yesterday's trading above it, turning to the upside and heading towards achieving gains targeting testing the 1.0554 level as the next main station, awaiting further expected rise during the coming sessions.
Therefore the upward trend scenario will remain valid and effective supported by the barrier and to confirm the bullish trend should stable above 1.0525 so Breaking 1.0525 will make it easier for the price to achieve the suggested target, while breaking 1.0487 will stop the upward trend and put pressure on the price to return to the main downward path again.
The expect range trading for today it will be between the resistance line 1.0525 and support line 1.0501.
Additionally ,Today News will affect the market .
support line : 1.0501 , 1.0487
resistance line : 1.0525 , 1.0554
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Note
EURUSDUPDATE
The price perfectly fulfills my last idea and price reached to our target
NOW
the EUR/USD pair tried to stablized above the 1.0562 level after ending yesterday's trading above 1.0525, turning to the upside and heading towards testing the 1.0562 and failed to stablized above it till now . so as long as price trade under it the price will try to drop especially the price at the top of the channel .
Therefore the downward trend scenario will remain valid and effective supported by the barrier and the price will try to achieve the suggested target 1.0532 as the next negative station , while breaking and stabilized above 1.0562 will stop the downward trend and put pressure on the price to continue at the bullish trend .
The expect range trading for today it will be between the resistance line 1.0562 and support line 1.0532.
Additionally ,Today News will affect the market .
support line : 1.0532 , 1.0501
resistance line : 1.0554 , 1.0562
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 UPDATE
The price perfectly fulfills my last idea and price reached to our target and price reached to our target +70 pip.
NOW
To be continue at the bearish trend should stable under 1.0487 and then will be continue at the bearish trend . if price failed to stabilized below the 1.0487 level then the price will try to retest to 1.0532 and then will return to the main trend
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