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EURUSD 4H : News will decide

EURUSD

New forecast

The price of the EUR/USD pair rose up and breached the resistance 1.0716 level , and therefore, opportunities still exist to resume the expected downward trend in the intraday term, and the price needs to break the 1.0718 level to activate the negative impact of this pattern and then rush to exceed the pivotal support 1.0700 to open the way to Achieving additional negative targets up to 1.0661.

Therefore the downtrend scenario will be more likely as long as price trade under 1.0755 level , especially we have news today From here, we will continue to favor the downward trend for the coming period, keeping in mind that crossing the 1.0755 barrier will push the price to achieve an immediate rise .

The expect range trading for today it will be between the resistance line 1.0755 and support line 1.0661.

Additionally ,Today News will affect the market .

resistance line : 1.0747 , 1.0755
support line : 1.0718 , 1.0700

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