Hello everyone,
EURUSD 4H NEW FORECAST
The 1.0765 level was broken after closing the daily candle below it, which supports the continuation of the expected downward trend in the intraday term.
The price is affected by the previously completed double top pattern.
Setting the next target at 1.0685.
The moving average 50 continues to support the proposed bearish wave, taking into account that breaching 1.0765 will stop the expected decline and lead the price to begin recovery attempts targeting testing the 1.0800 level initially.
EURUSD 4H NEW FORECAST
The 1.0765 level was broken after closing the daily candle below it, which supports the continuation of the expected downward trend in the intraday term.
The price is affected by the previously completed double top pattern.
Setting the next target at 1.0685.
The moving average 50 continues to support the proposed bearish wave, taking into account that breaching 1.0765 will stop the expected decline and lead the price to begin recovery attempts targeting testing the 1.0800 level initially.
