EURUSD
New forecast
The euro/dollar pair continues to fluctuate around the 1.0744 level, as we wait for a break of this support to confirm the next direction more clearly. Remembering that breaking the support will put pressure on the price to incur losses, mainly targeting the 1.0686 and 1.0665 areas.
Therefore the downward scenario will be remain valid and effective during coming period supported by moving average 50 that is continue to support the price to drop, but to confirm the bearish trend should stable under support line 1.0744 level and then our negative target will be activate , taking into account that stabilized above 1.0836 level will postponed the bearish waves .
The expect range trading for today it will be between the resistance line 1.0836 and support line 1.0665.
Additionally ,Today News will affect on the market .
resistance line : 1.0836 , 1.0877
support line : 1.0744 , 1.0665
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New forecast
The euro/dollar pair continues to fluctuate around the 1.0744 level, as we wait for a break of this support to confirm the next direction more clearly. Remembering that breaking the support will put pressure on the price to incur losses, mainly targeting the 1.0686 and 1.0665 areas.
Therefore the downward scenario will be remain valid and effective during coming period supported by moving average 50 that is continue to support the price to drop, but to confirm the bearish trend should stable under support line 1.0744 level and then our negative target will be activate , taking into account that stabilized above 1.0836 level will postponed the bearish waves .
The expect range trading for today it will be between the resistance line 1.0836 and support line 1.0665.
Additionally ,Today News will affect on the market .
resistance line : 1.0836 , 1.0877
support line : 1.0744 , 1.0665
Attention : We don't have any group in telegram be careful about scammer.
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 of the euro against the dollar rose weakly after reaching the resistance level at 1.0836 and found a strong barrier at here to force the price to rebound from it and trading below it. Therefore, as long as the price is trading below it, we will favor the bearish trend in the medium term to targeting the level of 1.0744, and by breaking it, it will open the way for the price to visit the level 1.0665.
Therefore the downward scenario will be remain valid and effective during coming period supported by moving average 50 that is continue to support the price to drop , taking into account that stabilized above 1.0836 level will postponed the bearish waves .
The expect range trading for today it will be between the resistance line 1.0836 and support line 1.0665.
Additionally ,Today News will affect on the market .
resistance line : 1.0836 , 1.0877
support line : 1.0744 , 1.0665
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️