EURUSD 4H :support further decline
EURUSD
New forecast
The EUR/USD pair presented mixed trades last Friday, as it tried to break the 1.0616 level but returned to holding below it again, waiting for the bearish bias to resume to test the bearish resistance around 1.0461 as the next main target.
Therefore, the downward trend scenario will remain effective for the coming period, supported by the bearish trend, keeping in mind that breaking 1.0562 will stop the expected decline and put pressure on the price to rise again.
The expect range trading for today it will be between the resistance line 1.0550and support line 1.0461.
Additionally ,Today News will affect the market .
support line : 1.0487 , 1.0461
resistance line : 1.0550 , 1.0562
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 EUR/USD pair presented mixed trades last Friday, as it tried to break the 1.0616 level but returned to holding below it again, waiting for the bearish bias to resume to test the bearish resistance around 1.0461 as the next main target.
Therefore, the downward trend scenario will remain effective for the coming period, supported by the bearish trend, keeping in mind that breaking 1.0562 will stop the expected decline and put pressure on the price to rise again.
The expect range trading for today it will be between the resistance line 1.0550and support line 1.0461.
Additionally ,Today News will affect the market .
support line : 1.0487 , 1.0461
resistance line : 1.0550 , 1.0562
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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