Arazmajeed

EURUSD 4H : Try to drop

Short
OANDA:EURUSD   Euro / U.S. Dollar
EURUSD

New forecast

The EUR/USD pair is showing slight negative trading now, indicating a trend to resume the expected downward trend for today, which targets the 1.0892 and 1.0808 levels as the next main station.

Therefore, we will continue to favor the bearish trend during the coming sessions, supported by the negative pressure formed by the moving average 50 unless the 1.0956 level is breached and holds above it.

The expect range trading for today it will be between the resistance line 1.0956 and support line 1.0808.

resistance line : 1.0956 , 1.1012
support line : 1.0892 , 1.0808

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