EURUSD 4H : Try to retest and then drop
EURUSD
New forecast
The price perfectly fulfills my last idea and price reached to our target .
The EUR/USD pair shows further decline to exceed the 1.0516 level and settle below it, confirming the continuation of the bearish trend’s dominance in the immediate and short term, to continue the decline within the main descending channel that appears in the chart, noting that our next targets start at 1.0463 and extend to 1.0440.
The main descending channel supports the proposed descending wave, keeping in mind that breaching 1.0516 will stop the current negative pressure and lead the price to make some temporary upward correction.
The expect range trading for today it will be between the resistance line 1.0516 and support line 1.0463.
Additionally ,Today News will affect the market .
support line : 1.0463 , 1.0440
resistance line : 1.0516 , 1.0554
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 target .
The EUR/USD pair shows further decline to exceed the 1.0516 level and settle below it, confirming the continuation of the bearish trend’s dominance in the immediate and short term, to continue the decline within the main descending channel that appears in the chart, noting that our next targets start at 1.0463 and extend to 1.0440.
The main descending channel supports the proposed descending wave, keeping in mind that breaching 1.0516 will stop the current negative pressure and lead the price to make some temporary upward correction.
The expect range trading for today it will be between the resistance line 1.0516 and support line 1.0463.
Additionally ,Today News will affect the market .
support line : 1.0463 , 1.0440
resistance line : 1.0516 , 1.0554
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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