EURUSD 4H : Outlook
EURUSD
New forecast
The EUR/USD pair faces strong negative pressure to break the 1.0956 level, providing signs of a downward trend for the rest of the day, on its way to visiting the 1.0877 level as a next negative target.
Therefore, the price is still trading within the ascending channel and is trying to exit it. We still prefer to stay neutral now until the price confirms its position regarding the 1.0956 or 1.0877 level, keeping in mind that breaking 1.0877 will put the price under more negative pressure and head towards the 1.0760 areas mainly. . Or hold above level 1.0956 to return to the main upward trend and visit areas 1.1043 again.
The expect range trading for today it will be between the resistance line 1.0959 and support line 1.0877.
Additionally ,Today News will affect the market .
resistance line : 1.0959 , 1.1012
support line : 1.0877, 1.0836
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 faces strong negative pressure to break the 1.0956 level, providing signs of a downward trend for the rest of the day, on its way to visiting the 1.0877 level as a next negative target.
Therefore, the price is still trading within the ascending channel and is trying to exit it. We still prefer to stay neutral now until the price confirms its position regarding the 1.0956 or 1.0877 level, keeping in mind that breaking 1.0877 will put the price under more negative pressure and head towards the 1.0760 areas mainly. . Or hold above level 1.0956 to return to the main upward trend and visit areas 1.1043 again.
The expect range trading for today it will be between the resistance line 1.0959 and support line 1.0877.
Additionally ,Today News will affect the market .
resistance line : 1.0959 , 1.1012
support line : 1.0877, 1.0836
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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