EURUSD 4H :Waiting for breach the support zone
EURUSD
New forecast
As we mentioned from the previous idea , if price failure to stable above 1.0760 then the price will drop and already dropped to our target .
Trading in the EUR/USD pair bounced down after testing the resistance of the ascending channel at 1.0760 and rebounded from it, heading towards a possible visit to support this channel during the coming sessions, so that the bearish bias is likely for today according to the rules of trading within the price channels.
Therefore, we expect to witness further decline in the immediate term, but on the condition of stability below the resistance area at 1.0686 - 1.0700, targeting the levels of 1.0664 and then 1.0632 mainly, noting that breaching and stability above 1.0700 will stop the expected decline and lead the price to conduct a further upward correction.
The expect range trading for today it will be between the resistance line 1.0760 and support line 1.0664.
resistance line : 1.0700 , 1.0760
support line : 1.0686 , 1.0664
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
As we mentioned from the previous idea , if price failure to stable above 1.0760 then the price will drop and already dropped to our target .
Trading in the EUR/USD pair bounced down after testing the resistance of the ascending channel at 1.0760 and rebounded from it, heading towards a possible visit to support this channel during the coming sessions, so that the bearish bias is likely for today according to the rules of trading within the price channels.
Therefore, we expect to witness further decline in the immediate term, but on the condition of stability below the resistance area at 1.0686 - 1.0700, targeting the levels of 1.0664 and then 1.0632 mainly, noting that breaching and stability above 1.0700 will stop the expected decline and lead the price to conduct a further upward correction.
The expect range trading for today it will be between the resistance line 1.0760 and support line 1.0664.
resistance line : 1.0700 , 1.0760
support line : 1.0686 , 1.0664
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached:
EURUSD
The price perfectly fulfills my last idea and price reached to our first target + 30 pip.
Now should stable under 1.0664 to be continue at the bearish trend .
The price perfectly fulfills my last idea and price reached to our first target + 30 pip.
Now should stable under 1.0664 to be continue at the bearish trend .
Trade closed: target reached:
EURUSD
Update
The price perfectly fulfills my last idea and price reached to our target + 32 and still running ...
The EUR/USD pair continued to decline to reach our expected target at 1.0664, and we expect the bearish bias to continue to test the support of the ascending channel, which now rises to 1.0612.
Therefore, the downward trend scenario will remain likely for the coming period, taking into account that breaching 1.0700 will stop the negative scenario and push the price to resume the upward corrective trend again.
The expect range trading for today it will be between the resistance line 1.0700 and support line 1.0612.
Additionally ,Today News will affect the market .
resistance line : 1.0686 , 1.0700
support line : 1.0632 , 1.0612
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
EURUSD
Update
The price perfectly fulfills my last idea and price reached to our target + 32 and still running ...
The EUR/USD pair continued to decline to reach our expected target at 1.0664, and we expect the bearish bias to continue to test the support of the ascending channel, which now rises to 1.0612.
Therefore, the downward trend scenario will remain likely for the coming period, taking into account that breaching 1.0700 will stop the negative scenario and push the price to resume the upward corrective trend again.
The expect range trading for today it will be between the resistance line 1.0700 and support line 1.0612.
Additionally ,Today News will affect the market .
resistance line : 1.0686 , 1.0700
support line : 1.0632 , 1.0612
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
