EURUSD 4H : Waiting for second target
EURUSD
New forecast
The price perfectly fulfills my last idea and price reached to our first target + 25 pip .
Trading in the EUR/USD pair is rebounding downward after testing the resistance of the descending channel in the past sessions, awaiting further expected decline in the coming sessions, remembering that our targets start mainly at 1.0528 and then 1.0450.
Moving below the EMA 50 supports the continuation of the proposed bearish wave, keeping in mind that breaching 1.0562 will stop the negative scenario and lead the price to begin an upward correction in the immediate and short term.
The expect range trading for today it will be between the resistance line 1.0562 and support line 1.0496.
Additionally ,Today News will affect the market .
resistance line : 1.0550 , 1.0562
support line : 1.0528 , 1.0496
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 price reached to our first target + 25 pip .
Trading in the EUR/USD pair is rebounding downward after testing the resistance of the descending channel in the past sessions, awaiting further expected decline in the coming sessions, remembering that our targets start mainly at 1.0528 and then 1.0450.
Moving below the EMA 50 supports the continuation of the proposed bearish wave, keeping in mind that breaching 1.0562 will stop the negative scenario and lead the price to begin an upward correction in the immediate and short term.
The expect range trading for today it will be between the resistance line 1.0562 and support line 1.0496.
Additionally ,Today News will affect the market .
resistance line : 1.0550 , 1.0562
support line : 1.0528 , 1.0496
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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