Euro / U.S. DollarUpdated EURUSD : How to trade on the last trading day
Hello dear friends, what do you think about EURUSD?
Yesterday, EURUSD mainly consolidated around the level of 1.093, and today this currency pair continues to maintain that stability with the support level of 1.090 providing a stronghold.
On the 4-hour chart, the downtrend seems to have the upper hand amidst the emergence of some new consolidation patterns, while the 1.0900 area remains a significant conflict zone.
In the first scenario: if the resistance level of 1.096 is breached by the buying side, this currency pair will have more opportunities to advance towards the level of 1.10.
In the second scenario: if EURUSD breaks below the support level and experiences a continuous decline towards the defensive area at 1.078.
In your opinion, will EURUSD rise or fall in price?
Yesterday, EURUSD mainly consolidated around the level of 1.093, and today this currency pair continues to maintain that stability with the support level of 1.090 providing a stronghold.
On the 4-hour chart, the downtrend seems to have the upper hand amidst the emergence of some new consolidation patterns, while the 1.0900 area remains a significant conflict zone.
In the first scenario: if the resistance level of 1.096 is breached by the buying side, this currency pair will have more opportunities to advance towards the level of 1.10.
In the second scenario: if EURUSD breaks below the support level and experiences a continuous decline towards the defensive area at 1.078.
In your opinion, will EURUSD rise or fall in price?
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EURUSD shows signs of slight decline
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.