EURUSD 4H : Waiting for stable under 1.0661
EURUSD
New forecast
The Euro/Dollar pair is trading negatively, holding below it the resistance at 1.0686 to suggest a bearish trend during the coming period, and the goals begin with breaking 1.0661 and holding below it to open the way for a push towards the areas of 1.0612 and then 1.0582 as the next main stations.
Therefore, the downtrend scenario will be remain valid and effective , taking into account that failure to break 1.0661 will stop the negative scenario and lead the price to recover again.
The expect range trading for today it will be between the resistance line 1.0718 and support line 1.0661.
resistance line : 1.0700 , 1.0718
support line : 1.0661, 1.0632
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
The Euro/Dollar pair is trading negatively, holding below it the resistance at 1.0686 to suggest a bearish trend during the coming period, and the goals begin with breaking 1.0661 and holding below it to open the way for a push towards the areas of 1.0612 and then 1.0582 as the next main stations.
Therefore, the downtrend scenario will be remain valid and effective , taking into account that failure to break 1.0661 will stop the negative scenario and lead the price to recover again.
The expect range trading for today it will be between the resistance line 1.0718 and support line 1.0661.
resistance line : 1.0700 , 1.0718
support line : 1.0661, 1.0632
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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