EURUSD
New forecast
Trading in the EUR/USD pair stabilizes around the 1.0560 level, waiting for the price to stimulate the resumption of positive trading and test the resistance of the descending channel, which now drops to 1.0616.
Therefore, we will continue to favor the upward trend in the immediate term, noting that breaching the mentioned level will extend the upward wave to reach the 1.0690 areas as the next main station, while breaking 1.0496 will stop the upward trend and push the price to return to the main bearish path again.
The expect range trading for today it will be between the resistance line 1.0616 and support line 1.0550 .
support line : 1.0550 , 1.0496
resistance line : 1.0616 , 1.0655
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
Trading in the EUR/USD pair stabilizes around the 1.0560 level, waiting for the price to stimulate the resumption of positive trading and test the resistance of the descending channel, which now drops to 1.0616.
Therefore, we will continue to favor the upward trend in the immediate term, noting that breaching the mentioned level will extend the upward wave to reach the 1.0690 areas as the next main station, while breaking 1.0496 will stop the upward trend and push the price to return to the main bearish path again.
The expect range trading for today it will be between the resistance line 1.0616 and support line 1.0550 .
support line : 1.0550 , 1.0496
resistance line : 1.0616 , 1.0655
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
UPDATE
NOW , to be continue at the bullish trend should stable above 1.0616 and then will open the way for our target .