EURUSD Gathers Positive Momentum

67
Hello everyone,

EURUSD 4H NEW FORECAST

๐Ÿ“ˆ Bullish Scenario (Uptrend)
If EURUSD trades above 1.0465, it signals a bullish trend.
Target for the rise:
1.0500 โ†’ First resistance level.
Break & hold above 1.0500 (for 4 hours) โ†’ Strong confirmation for more upside.
Next bullish targets:
1.0520 โ†’ Further resistance.
1.0550 โ†’ Stronger resistance level.
๐Ÿ’ก Key Takeaway: If EUR/USD stays above 1.0500, expect a rise toward 1.0520 & 1.0550.

๐Ÿ“‰ Bearish Scenario (Downtrend)
If EURUSD falls below 1.0465 and stabilizes, it signals a bearish trend.
First target for the drop:
1.0445 โ†’ First support level.
Break & close below 1.0445 โ†’ Strong confirmation of further downside.
Next bearish targets:
1.0400 โ†’ Strong support level.
1.0345 โ†’ Major support zone.
๐Ÿ’ก Key Takeaway: If EUR/USD stays below 1.0445, expect a further decline toward 1.0400 & 1.0345.

๐Ÿ“Œ Simple Summary:
โœ” Above 1.0465 โ†’ Uptrend toward 1.0500 โ†’ If 1.0500 holds, targets 1.0520 & 1.0550
โœ” Below 1.0465 โ†’ Downtrend toward 1.0445 โ†’ If 1.0445 breaks, targets 1.0400 & 1.0345
โœ” Break above 1.0500 with confirmation โ†’ Strong bullish continuation
โœ” Break below 1.0445 with confirmation โ†’ Strong bearish continuation

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.