EURUSD 4H :NFP report will affect on the market
Updated
EURUSD
New forecast
The EUR/USD pair succeeded in attempting to breach the level of 1.0632, and after that it found strong resistance at 1.0664, to remain confined between the pivotal levels, which makes us continue our neutrality until the price is able to penetrate one of these two levels to determine the next targets more precisely.
therefore breaching the resistance at 1.0664 will push the price to conduct an additional upward correction targeting the 1.0700 areas as the next main station, and by breaking it, it will reach 1.0760, while breaking the support 1.0612 represents the return key to resuming the main downward trend, whose next target is at 1.0562.
The expect range trading for today it will be between the resistance line 1.0686 and support line 1.0612.
Additionally ,Today News will affect the market .
resistance line : 1.0664 , 1.0686
support line : 1.0632 , 1.0612
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 EUR/USD pair succeeded in attempting to breach the level of 1.0632, and after that it found strong resistance at 1.0664, to remain confined between the pivotal levels, which makes us continue our neutrality until the price is able to penetrate one of these two levels to determine the next targets more precisely.
therefore breaching the resistance at 1.0664 will push the price to conduct an additional upward correction targeting the 1.0700 areas as the next main station, and by breaking it, it will reach 1.0760, while breaking the support 1.0612 represents the return key to resuming the main downward trend, whose next target is at 1.0562.
The expect range trading for today it will be between the resistance line 1.0686 and support line 1.0612.
Additionally ,Today News will affect the market .
resistance line : 1.0664 , 1.0686
support line : 1.0632 , 1.0612
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached
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.