EURUSD 1H : Today news will decide
EURUSD
OUTLOOK
The EUR/USD pair ended yesterday's trading with a noticeable positive note, testing the resistance of the descending channel that appears in the chart above. We note that the price consolidated below this resistance to begin the day with a downward bias indicating a move to resume the main downward trend, with a reminder that the next main target reaches 1.0720
for reminder consolidation under 1.0720 level it will support the price to reach 1.0690.
Hence, the downward trend scenario will remain likely in the immediate and short term unless the 1.0760 level is breached and holds above it.
Additionally , today news will affect the market
support line : 1.0720 , 1.0690
resistance line : 1.0760 , 1.0807
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 ended yesterday's trading with a noticeable positive note, testing the resistance of the descending channel that appears in the chart above. We note that the price consolidated below this resistance to begin the day with a downward bias indicating a move to resume the main downward trend, with a reminder that the next main target reaches 1.0720
for reminder consolidation under 1.0720 level it will support the price to reach 1.0690.
Hence, the downward trend scenario will remain likely in the immediate and short term unless the 1.0760 level is breached and holds above it.
Additionally , today news will affect the market
support line : 1.0720 , 1.0690
resistance line : 1.0760 , 1.0807
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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