EURUSD 4H : New forecast
EURUSD
New forecast
The price of EUR/USD rose up last week as it approaches the expected positive target at 1.0760, and is moving within an ascending channel that supports the chances of surpassing this level and opening the way for further upward correction during the coming sessions, heading towards visiting the 1.0807 and 1.0836 areas as the next main stations.
Therefore, we expect to witness further rise in the immediate term, supported by the moving average 50, taking into account that failure to breach 1.0760 will put pressure on the price to bounce down and test the pivotal support at 1.0700 before determining the fate of the next destination more clearly.so the main condition to be continue at the bullish trend is stability above 1.0760 and then our target will be activate .
The expect range trading for today it will be between the resistance line 1.0760 and support line 1.0700.
resistance line : 1.0760 , 1.0807
support line : 1.0700 , 1.0686
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 of EUR/USD rose up last week as it approaches the expected positive target at 1.0760, and is moving within an ascending channel that supports the chances of surpassing this level and opening the way for further upward correction during the coming sessions, heading towards visiting the 1.0807 and 1.0836 areas as the next main stations.
Therefore, we expect to witness further rise in the immediate term, supported by the moving average 50, taking into account that failure to breach 1.0760 will put pressure on the price to bounce down and test the pivotal support at 1.0700 before determining the fate of the next destination more clearly.so the main condition to be continue at the bullish trend is stability above 1.0760 and then our target will be activate .
The expect range trading for today it will be between the resistance line 1.0760 and support line 1.0700.
resistance line : 1.0760 , 1.0807
support line : 1.0700 , 1.0686
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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