EURUSD 4H (OUT LOOK)
The price of EURUSD under sell pressure after reached at the strong support zone and couldn't broke it
Currently , consolidation above 1.0949 it will support the price to rise up again to reach the suggested target 1.1021 , 1.1062 and 1.1114
and the consolidate above 1.0949 is important for EUR to be continue at the bullish tendency
As for renewing bearish attempts ,this requires the price to from the strong bearish impulse to consolidation under 1.0910 to help the price to lose more points and reach 1.0874 , 1.0835
The stochastic indicates that the price has reached oversold territory.
support line: 1.0949 ,1.0910, 1.0874
resistance line: 1.1021, 1.1062, 1.1114
Currently , consolidation above 1.0949 it will support the price to rise up again to reach the suggested target 1.1021 , 1.1062 and 1.1114
and the consolidate above 1.0949 is important for EUR to be continue at the bullish tendency
As for renewing bearish attempts ,this requires the price to from the strong bearish impulse to consolidation under 1.0910 to help the price to lose more points and reach 1.0874 , 1.0835
The stochastic indicates that the price has reached oversold territory.
support line: 1.0949 ,1.0910, 1.0874
resistance line: 1.1021, 1.1062, 1.1114
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