EURUSD - OUTLOOK
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EURUSD 4H NEW FORECAST
The price of the euro against the dollar shows some bearish tendency after the rise it witnessed in the past sessions, to attempt to resume the bearish wave expected in the immediate term, which aims to test the 1.0765 level initially, with a reminder that breaking this level will push the price towards 1.0742 as a next negative target.
Therefore, we continue to favor the downward trend for the coming period, remembering that breaching 1.0766 will lead the price to turn higher and target the 1.0795 and 1.0816 areas as a next positive station.
Pivot Line : 1.0765
Resistance Line : 1.0795 , 1.0816 1.0845
Support Line : 1.0742 , 1.0715 , 1.0695
EURUSD 4H NEW FORECAST
The price of the euro against the dollar shows some bearish tendency after the rise it witnessed in the past sessions, to attempt to resume the bearish wave expected in the immediate term, which aims to test the 1.0765 level initially, with a reminder that breaking this level will push the price towards 1.0742 as a next negative target.
Therefore, we continue to favor the downward trend for the coming period, remembering that breaching 1.0766 will lead the price to turn higher and target the 1.0795 and 1.0816 areas as a next positive station.
Pivot Line : 1.0765
Resistance Line : 1.0795 , 1.0816 1.0845
Support Line : 1.0742 , 1.0715 , 1.0695
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