EURUSD 4H (About the Biggest movement)

12 окт. 2023 г.

EURUSD bounced off the support level and pulled toward the resistance level.
I expect the price will reach the resistance trend toward about 1.0670

Now the price is trying to reach 1.0670 and then will drop again if it can stabilize under it
But Don't forget Stabilizing the price above 1.0670 will support rising to 1.0764

Pivot Price: 1.0580
Resistance prices: 1.0632 & 1.0670 & 1.0764
Support prices: 1.0532 & 1.0491 & 1.0415

Movement range will be between 1.0670 and 1.0415

NOTE:
CPI less than 3.7% will support rising to 1.2450
More than 3.7% will support falling to reach 1.2196 and 1.2030
acting on 3.7% the market will be volatile and more will attend the downtrend