EURUSD 4H :below 1.0500 will open the way to drop
EURUSD
New forecast
The price perfectly fulfills my last idea and price reached our second target +70 pip.
Trading in the euro/dollar pair stabilizes around the 1.0500 barrier, awaiting a negative incentive that will help push the price to resume the expected downward trend for the coming period, which targets the 1.0440 level as the next negative station , so the main condition to be continue at the bearish tendency it should stable under 1.0500 and then will drop.
The downward channel and the strength of the dollar continue to support the downward wave within the downward channel that appears in the chart above, keeping in mind that breaching 1.0545 will stop the expected decline and lead the price to make some upward intraday correction.
The expect range trading for today it will be between the resistance line 1.0500 and support line 1.0541.
Additionally ,Today News will affect the market .
support line : 1.0500 , 1.0440
resistance line : 1.0541 , 1.0573
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 our second target +70 pip.
Trading in the euro/dollar pair stabilizes around the 1.0500 barrier, awaiting a negative incentive that will help push the price to resume the expected downward trend for the coming period, which targets the 1.0440 level as the next negative station , so the main condition to be continue at the bearish tendency it should stable under 1.0500 and then will drop.
The downward channel and the strength of the dollar continue to support the downward wave within the downward channel that appears in the chart above, keeping in mind that breaching 1.0545 will stop the expected decline and lead the price to make some upward intraday correction.
The expect range trading for today it will be between the resistance line 1.0500 and support line 1.0541.
Additionally ,Today News will affect the market .
support line : 1.0500 , 1.0440
resistance line : 1.0541 , 1.0573
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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