EURUSD 4H : Waiting for ECB Interest Decision
EURUSD
New forecast
The price perfectly fulfills my last idea as we said the price will retest and already retested to our target +25 pip but because of the situation may price will be continue at the bearish attempts .
The EUR/USD pair continued to decline to test the support of the ascending channel, and begins the day with a further decline to put pressure on this support and provide signals of direction to resume the main downward trend again, on its way to achieving negative goals that begin with visiting the recently recorded bottom at 1.0496 and 1.0462.
Therefore, a bearish bias will be expected for today, supported by a move below the moving average 50, taking into account that breaching 1.0562 will stop the proposed decline and lead the price to recover again.
The expect range trading for today it will be between the resistance line 1.0562and support line 1.0496.
Additionally ,Today News will affect the market .
resistance line : 1.0562 , 1.0612
support line : 1.0540 , 1.0496
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 perfectly fulfills my last idea as we said the price will retest and already retested to our target +25 pip but because of the situation may price will be continue at the bearish attempts .
The EUR/USD pair continued to decline to test the support of the ascending channel, and begins the day with a further decline to put pressure on this support and provide signals of direction to resume the main downward trend again, on its way to achieving negative goals that begin with visiting the recently recorded bottom at 1.0496 and 1.0462.
Therefore, a bearish bias will be expected for today, supported by a move below the moving average 50, taking into account that breaching 1.0562 will stop the proposed decline and lead the price to recover again.
The expect range trading for today it will be between the resistance line 1.0562and support line 1.0496.
Additionally ,Today News will affect the market .
resistance line : 1.0562 , 1.0612
support line : 1.0540 , 1.0496
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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