EURUSD 1H : Outlook
EURUSD
OUTLOOK
The EUR/USD pair fluctuates sideways, settling around 1.0670
Technical abstract:
The EUR/USD pair is showing an upward tendency now, moving away from the 1.0632 level, providing signs of an attempt to recover during the coming sessions, which requires attention in the upcoming trading, as continuing the rise and exceeding 1.0690 will push the price to achieve further gains that reach 1.0720 and may extend to 1.0760. .
On the other hand, the price needs to obtain a negative incentive that contributes to the resumption of the bearish wave, the objectives of which begin with breaking 1.0632, to confirm the opening of the way towards heading towards 1.0580 as a main negative station so the main condition to be downtrend is stabilized under 1.0632 .
The expect range trading for today it will be between resistance line 1.0690 and support line 1.0632 until breaking one of them .
support line :1.0632 , 1.0580
resistance line : 1.0690 , 1.0720
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
OUTLOOK
The EUR/USD pair fluctuates sideways, settling around 1.0670
Technical abstract:
The EUR/USD pair is showing an upward tendency now, moving away from the 1.0632 level, providing signs of an attempt to recover during the coming sessions, which requires attention in the upcoming trading, as continuing the rise and exceeding 1.0690 will push the price to achieve further gains that reach 1.0720 and may extend to 1.0760. .
On the other hand, the price needs to obtain a negative incentive that contributes to the resumption of the bearish wave, the objectives of which begin with breaking 1.0632, to confirm the opening of the way towards heading towards 1.0580 as a main negative station so the main condition to be downtrend is stabilized under 1.0632 .
The expect range trading for today it will be between resistance line 1.0690 and support line 1.0632 until breaking one of them .
support line :1.0632 , 1.0580
resistance line : 1.0690 , 1.0720
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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