EURUSD 4H : New forecast

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EURUSD

New forecast

The decline of the euro/dollar pair stopped at the level of 1.0545, rebounded upward, and begins the day with an additional rise to trade above the support of the ascending channel again, facing a conflict between technical factors that makes us prefer to stay neutral until we get a clearer signal for the next direction.

We point out that continuing the rise and breaching 1.0632 will lead the price to conduct an upward correction that mainly targets testing the 1.0660 areas, while failing to break the 1.0632 resistance, the price will return to testing the 1.0545 channel support.

The expect range trading for today it will be between the resistance line 1.0632 and support line 1.0540.

Additionally ,Today News will affect the market .

resistance line : 1.0612 , 1.0632
support line : 1.0562 , 1.0540

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