Dear friends and colleagues, we are at your service with the euro dollar chart in the 4-hour time frame. As you can see, after breaking the previous ceiling of 1.10169, the euro was able to reach the resistance range of 1.10401 and from there it faced a selling pressure. Note that it has entered a resistance zone and we have to see if it can continue to grow or not. I expect the euro to be able to reach higher levels in the future, considering that the DXY index still has a tendency to fall, so it can be said that the euro can touch its major ceiling, which is the range of 1.12681, in the near future.
I will be happy to share your comments below this post share .
I will be happy to share your comments below this post share .
Trade closed: target reached
Comment:
Dear friends, as you can see, according to the analysis, the desired target was reached