EURUSD 4H : Above 1.0625 will be uptrend
EURUSD
New forecast
The price perfectly fulfills my last idea and we get about + 45 pip .
The EUR/USD pair was able to reach resistance, coinciding with the appearance of clear overbought signals appearing, which may push the price to resume the main downward trend again, but we have chances to overcome the current resistance and then begin an upward correction in the immediate and short term.
Therefore, the conflict between technical factors makes us prefer to remain neutral until we get a clearer signal for the next direction, noting that the breach of 1.0625 will lead the price to conduct an upward correction, the first target of which is at 1.0655 and 1.0690, while breaking 1.0555 will put pressure on the price to decline again and head towards... About 1.0450 initially.
The expect range trading for today it will be between the resistance line 1.0625 and support line 1.0550.
Additionally ,Today News will affect the market .
support line : 1.0550 , 1.0496
resistance line : 1.0616 , 1.0655
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 perfectly fulfills my last idea and we get about + 45 pip .
The EUR/USD pair was able to reach resistance, coinciding with the appearance of clear overbought signals appearing, which may push the price to resume the main downward trend again, but we have chances to overcome the current resistance and then begin an upward correction in the immediate and short term.
Therefore, the conflict between technical factors makes us prefer to remain neutral until we get a clearer signal for the next direction, noting that the breach of 1.0625 will lead the price to conduct an upward correction, the first target of which is at 1.0655 and 1.0690, while breaking 1.0555 will put pressure on the price to decline again and head towards... About 1.0450 initially.
The expect range trading for today it will be between the resistance line 1.0625 and support line 1.0550.
Additionally ,Today News will affect the market .
support line : 1.0550 , 1.0496
resistance line : 1.0616 , 1.0655
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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