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EURUSD 6H NEW FORECAST
The EUR/USD pair confirmed breaking the 1.0860 level after ending yesterday's trading below it, turning lower and heading towards achieving negative targets starting with testing the 1.0742 level, making a bearish bias likely for today.
The moving average 50 forms negative pressure that supports the expected decline, noting that breaking the mentioned level will put pressure on the price to resume the main bearish path and achieve more negative targets while breaching 1.0860 will stop the negative pressure and lead the price to attempt an additional upward correction in the intraday term.
The general trend expected for today: bearish
EURUSD 6H NEW FORECAST
The EUR/USD pair confirmed breaking the 1.0860 level after ending yesterday's trading below it, turning lower and heading towards achieving negative targets starting with testing the 1.0742 level, making a bearish bias likely for today.
The moving average 50 forms negative pressure that supports the expected decline, noting that breaking the mentioned level will put pressure on the price to resume the main bearish path and achieve more negative targets while breaching 1.0860 will stop the negative pressure and lead the price to attempt an additional upward correction in the intraday term.
The general trend expected for today: bearish
Trade active
The general expected tendency for today: neutral
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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.