EURUSD 1H : Downtrend under 1.0631
EURUSD
OUTLOOK
Technical Abstract :
The price perfectly fulfills my last idea.
The EUR/USD pair begins offering negative trades now, waiting to stimulate the price to resume the expected downward trend for the coming period, the goals of which begin with breaking and stabilized under the 1.0631 level to open the way for the rush towards 1.0580.
Therefore, we are awaiting further expected decline in the immediate and short term, supported by the negative pressure formed by the bearish channel, keeping in mind that breaching 1.0690 will stop the negative scenario and lead the price to begin recovery attempts targeting testing the 1.0720 areas before any new attempt to decline.
Additionally ,Today News will affect the market .
support line : 1.0631 , 1.0580
resistance line : 1.0661 , 1.0690
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OUTLOOK
Technical Abstract :
The price perfectly fulfills my last idea.
The EUR/USD pair begins offering negative trades now, waiting to stimulate the price to resume the expected downward trend for the coming period, the goals of which begin with breaking and stabilized under the 1.0631 level to open the way for the rush towards 1.0580.
Therefore, we are awaiting further expected decline in the immediate and short term, supported by the negative pressure formed by the bearish channel, keeping in mind that breaching 1.0690 will stop the negative scenario and lead the price to begin recovery attempts targeting testing the 1.0720 areas before any new attempt to decline.
Additionally ,Today News will affect the market .
support line : 1.0631 , 1.0580
resistance line : 1.0661 , 1.0690
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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