EURUSD 4H : Still support to rise up
EURUSD
New forecast
Trading in the EUR/USD pair bounced significantly lower after approaching our first positive, awaited target at 1.1148, exceeding the 1.1088 level and is now trying to test resistance at the 1.1012 level. Noting that the next main target reaches 1.1088 and extends to 1.1200.
Therefore, these factors encourage us to favor the bullish bias during the coming sessions, moving average 50 support the price to rise up , while breaking 1.1060 will stop the positive scenario and put pressure on the price to turn lower.
The expect range trading for today it will be between the resistance line 1.1200 and support line 1.1012.
resistance line : 1.1088, 1.1148
support line : 1.1012 , 1.0956
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New forecast
Trading in the EUR/USD pair bounced significantly lower after approaching our first positive, awaited target at 1.1148, exceeding the 1.1088 level and is now trying to test resistance at the 1.1012 level. Noting that the next main target reaches 1.1088 and extends to 1.1200.
Therefore, these factors encourage us to favor the bullish bias during the coming sessions, moving average 50 support the price to rise up , while breaking 1.1060 will stop the positive scenario and put pressure on the price to turn lower.
The expect range trading for today it will be between the resistance line 1.1200 and support line 1.1012.
resistance line : 1.1088, 1.1148
support line : 1.1012 , 1.0956
Attention : We don't have any group in telegram be careful about scammer.
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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