EURUSD 4H : UPTREND ABOVE 1.0700
EURUSD
New forecast
The euro/dollar pair pushed upwards to breach the level of 1.0631 and settle above it, beginning the upward correction of the entire decline that was measured from 1.1275 to 1.0448, on its way to achieving positive goals that begin with breaking and holding above the 1.0700 level to reach the levels of 1.0718 and 1.0761.
Therefore, the upward bias will be likely for today, supported by the 50 moving average, which holds the price within the ascending channel that appears in the image, keeping in mind that breaking 1.0631 will stop the expected rise and put pressure on the price to test the 1.0550 areas before any new positive attempt.
also it is possible to retest to 1.0660 and then rise up so the main condition to be continue at the bullish trend is stable above 1.0700 at least one 4H candle .
The expect range trading for today it will be between the resistance line 1.0700 and support line 1.0631.
Additionally ,Today News will affect the market .
resistance line : 1.0700 , 1.0760
support line : 1.0660 , 1.0631
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 euro/dollar pair pushed upwards to breach the level of 1.0631 and settle above it, beginning the upward correction of the entire decline that was measured from 1.1275 to 1.0448, on its way to achieving positive goals that begin with breaking and holding above the 1.0700 level to reach the levels of 1.0718 and 1.0761.
Therefore, the upward bias will be likely for today, supported by the 50 moving average, which holds the price within the ascending channel that appears in the image, keeping in mind that breaking 1.0631 will stop the expected rise and put pressure on the price to test the 1.0550 areas before any new positive attempt.
also it is possible to retest to 1.0660 and then rise up so the main condition to be continue at the bullish trend is stable above 1.0700 at least one 4H candle .
The expect range trading for today it will be between the resistance line 1.0700 and support line 1.0631.
Additionally ,Today News will affect the market .
resistance line : 1.0700 , 1.0760
support line : 1.0660 , 1.0631
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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