EURUSD 4H Midday update
Hello traders,The EUR/USD pair achieved an initial break of the support of the ascending channel and stabilizes below it, reinforcing expectations for the continuation of the downward trend for the rest of the day, with a reminder that we are waiting to visit the 1.0495 level as the next main target.
The moving average 50 forms negative pressure that supports the proposed bearish wave, which will remain in place provided it remains below the 1.0529 level.
Pivot Price: 1.0529
Resistance prices: 1.0579 & 1.0632 & 1.0679
Support prices: 1.0495 & 1.0451 & 1.0409
The general trend expected for today: bearish
The moving average 50 forms negative pressure that supports the proposed bearish wave, which will remain in place provided it remains below the 1.0529 level.
Pivot Price: 1.0529
Resistance prices: 1.0579 & 1.0632 & 1.0679
Support prices: 1.0495 & 1.0451 & 1.0409
The general trend expected for today: bearish
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