EURUSD 4H (Outlook)
EURUSD
OUTLOOK
The euro rose in the European market on Wednesday for the first time in the last three days against the US dollar, amid less aggressive comments from Federal Reserve officials, which reduced the chances of an additional increase in US interest rates .
Currently , as long as price trade above support zone 1.0910 - 1.0949 the chance of decline increase but to confirm the bullish trend should stable above 1.1034 and then will rise up to reach 1.1114 , 1.1190
As for renewing the bearish attempts this requires the price to stable under support zone 1.0910 and then will be bearish trend to reach 1.0838 and 1.0787
the expect trading range for today is between 1.0949 and 1.1034 until breach one of them
support line : 1.0949 , 1.0910
resistance line : 1.1034 , 1.1114
what is your opinion ??
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OUTLOOK
The euro rose in the European market on Wednesday for the first time in the last three days against the US dollar, amid less aggressive comments from Federal Reserve officials, which reduced the chances of an additional increase in US interest rates .
Currently , as long as price trade above support zone 1.0910 - 1.0949 the chance of decline increase but to confirm the bullish trend should stable above 1.1034 and then will rise up to reach 1.1114 , 1.1190
As for renewing the bearish attempts this requires the price to stable under support zone 1.0910 and then will be bearish trend to reach 1.0838 and 1.0787
the expect trading range for today is between 1.0949 and 1.1034 until breach one of them
support line : 1.0949 , 1.0910
resistance line : 1.1034 , 1.1114
what is your opinion ??
If this post was useful to you , don't forget to subscribe and like , Thanks ❤️
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