The euro is trading around 1.0404, making a technical correction after an attempt to break the bearish trend channel but without success.
On the h4 chart. we see technical correction. Therefore, if EUR/USD consolidates below 1.0430, it could continue its fall in the coming days until the price reaches the 21 SMA located at 1.0335.
If the euro breaks and consolidates below 1.0330, we could expect a return to the lows of early January around 1.0227. This level is key and it is expected that in this area the euro will find good support which could give it a new bullish impulse.
Conversely, if the euro consolidates and breaks above 1.0430, it is likely to continue rising and could reach 1.0477, 1.0498, and even 7/8 Murray at 1.0620.
On the h4 chart. we see technical correction. Therefore, if EUR/USD consolidates below 1.0430, it could continue its fall in the coming days until the price reaches the 21 SMA located at 1.0335.
If the euro breaks and consolidates below 1.0330, we could expect a return to the lows of early January around 1.0227. This level is key and it is expected that in this area the euro will find good support which could give it a new bullish impulse.
Conversely, if the euro consolidates and breaks above 1.0430, it is likely to continue rising and could reach 1.0477, 1.0498, and even 7/8 Murray at 1.0620.
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DAILY FREE SIGNAL. FREE SIGNAL (95% accuracy) TP AND SL PROVIDED
In This Channel, i Will Provide you a profitable Scalping And Swing Trade Follow My Signals
PUBLIC TELEGRAM CHANNEL
t.me/CEO_PREMIUM_ANALYSIS
In This Channel, i Will Provide you a profitable Scalping And Swing Trade Follow My Signals
PUBLIC TELEGRAM CHANNEL
t.me/CEO_PREMIUM_ANALYSIS
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.