Hello everyone,
EURUSD 6H NEW FORECAST
The EUR/USD pair faces strong negative pressure to break the 1.09075 level and attack the support of the ascending channel, providing signs of a downward trend for the rest of the day, on its way to visiting the 1.0866 level as the next negative target.
Therefore, a bearish bias will be likely during the coming sessions unless the 1.0960 level is breached and holds above it again, keeping in mind that breaking 1.0860 will put the price under more negative pressure and head towards the 1.0742 areas mainly.
The expected general trend for today: bearish for the rest of the day
EURUSD 6H NEW FORECAST
The EUR/USD pair faces strong negative pressure to break the 1.09075 level and attack the support of the ascending channel, providing signs of a downward trend for the rest of the day, on its way to visiting the 1.0866 level as the next negative target.
Therefore, a bearish bias will be likely during the coming sessions unless the 1.0960 level is breached and holds above it again, keeping in mind that breaking 1.0860 will put the price under more negative pressure and head towards the 1.0742 areas mainly.
The expected general trend for today: bearish for the rest of the day
