EURUSD 4H ( Outlook )
EURUSD
Outlook
The euro fell in the European market on Tuesday against a basket of global currencies, to continue its losses for the second day in a row against the US dollar, due to the economic weakness in Europe, and the receding possibilities of the European Central Bank continuing the path of monetary tightening and raising interest rates.
Currently, As long as price trade above support zone 1.0910 - 1.0949 the chance of rise up increase but to confirm the bullish trend should stable above 1.1034 by 4H candle and then the price will reach to 1.1114 and 1.1190
As for renewing bearish attempts , consolidation under support zone it will help the price to lose more points and reach 1.0838 and 1.0787
support line : 1.0949 , 1.0910 , 1.0838
resistance line : 1.1034 , 1.1114 , 1.1190
what is your opinion ??
If this post was useful to you , don't forget to like and comment , Thanks ❤️
Outlook
The euro fell in the European market on Tuesday against a basket of global currencies, to continue its losses for the second day in a row against the US dollar, due to the economic weakness in Europe, and the receding possibilities of the European Central Bank continuing the path of monetary tightening and raising interest rates.
Currently, As long as price trade above support zone 1.0910 - 1.0949 the chance of rise up increase but to confirm the bullish trend should stable above 1.1034 by 4H candle and then the price will reach to 1.1114 and 1.1190
As for renewing bearish attempts , consolidation under support zone it will help the price to lose more points and reach 1.0838 and 1.0787
support line : 1.0949 , 1.0910 , 1.0838
resistance line : 1.1034 , 1.1114 , 1.1190
what is your opinion ??
If this post was useful to you , don't forget to like and comment , Thanks ❤️
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