EURUSD 4H : Try to recover
EURUSD
New forecast
The price perfectly fulfills my last idea and price reached to our target +20 pip .
The EUR/USD pair found strong support at the 1.0500 level, to begin offering positive trades and trying to recover in the intraday term, influenced by the positive momentum signals provided by the Stochastic indicator, while it faces negative pressure after the completion of a negative pattern that may push the price to resume the main descending wave within the descending channel that appears. With the picture.
Therefore, the conflict between technical factors makes us prefer to remain neutral until we get a clearer signal for the next direction, noting that breaching 1.0562 will push the price to achieve further gains and test the 1.0588 level initially, while breaking 1.0500 represents a negative factor that will put pressure on the price to achieve new negative targets. It starts at 1.0462 and extends to 1.0408.
The expect range trading for today it will be between the resistance line 1.0562 and support line 1.0496.
Additionally ,Today News will affect the market .
resistance line : 1.0550 , 1.0588
support line : 1.0496, 1.0462
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 price perfectly fulfills my last idea and price reached to our target +20 pip .
The EUR/USD pair found strong support at the 1.0500 level, to begin offering positive trades and trying to recover in the intraday term, influenced by the positive momentum signals provided by the Stochastic indicator, while it faces negative pressure after the completion of a negative pattern that may push the price to resume the main descending wave within the descending channel that appears. With the picture.
Therefore, the conflict between technical factors makes us prefer to remain neutral until we get a clearer signal for the next direction, noting that breaching 1.0562 will push the price to achieve further gains and test the 1.0588 level initially, while breaking 1.0500 represents a negative factor that will put pressure on the price to achieve new negative targets. It starts at 1.0462 and extends to 1.0408.
The expect range trading for today it will be between the resistance line 1.0562 and support line 1.0496.
Additionally ,Today News will affect the market .
resistance line : 1.0550 , 1.0588
support line : 1.0496, 1.0462
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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