Hellena | EUR/USD (4H): Short to support area of 1.06970.

Dear colleagues, the previous forecast is still active, but I will make a new one, because the price gives us a chance to go short profitably again. The previous idea will be linked to this one on the link below.
I expect the price to start moving towards the support area of 1.06970 in the coming week. An update of the high in the resistance area of 1.08052 is possible.

Manage your capital correctly and competently! Only enter trades based on reliable patterns!

Comment:

Price is still fluctuating at one level, but I expect the downward movement to start soon. It is quite possible that the price still intends to test the resistance area at 1.08052, but in any case I consider only short positions.

Comment:

Dear colleagues, I suppose that the price went quite far beyond the resistance area of 1.08052, but in the end it came back. The scenario is still valid and I consider only short positions.

Comment:

It is possible that the price will renew the high again, 1.08386, but I still consider only short positions. The number of sellers is growing and the bulls are losing strength. I do not believe in the EU growth.