EURUSD 1H : tries to recover
EURUSD
OUTLOOK
The euro rose in the European market on Friday against a basket of global currencies, as part of a breathtaking process after heavy losses the previous day, as part of a recovery from the lowest level in six months against the US dollar.
The single European currency, the euro, is about to suffer a new weekly loss, as part of the longest series of weekly losses in the history of the euro.
Technical abstract:
The price perfectly fulfills my las idea and and reach our target .
The EUR/USD pair is showing an upward tendency now, moving away from the 1.0632 level, providing signs of an attempt to recover during the coming sessions, after heavy losses the previous day the market needs to correction in the midterm which requires attention in the upcoming trading, as continuing the rise and exceeding 1.0690 will push the price to achieve further gains that reach 1.0720 and may extend to 1.0760.
On the other hand, the price needs to obtain a negative incentive that contributes to the resumption of the bearish wave, the objectives of which begin with breaking 1.0632, to confirm the opening of the way towards heading towards 1.0580 as a main negative station.
support line :1.0632 , 1.0580
resistance line : 1.0690 , 1.0720
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 euro rose in the European market on Friday against a basket of global currencies, as part of a breathtaking process after heavy losses the previous day, as part of a recovery from the lowest level in six months against the US dollar.
The single European currency, the euro, is about to suffer a new weekly loss, as part of the longest series of weekly losses in the history of the euro.
Technical abstract:
The price perfectly fulfills my las idea and and reach our target .
The EUR/USD pair is showing an upward tendency now, moving away from the 1.0632 level, providing signs of an attempt to recover during the coming sessions, after heavy losses the previous day the market needs to correction in the midterm which requires attention in the upcoming trading, as continuing the rise and exceeding 1.0690 will push the price to achieve further gains that reach 1.0720 and may extend to 1.0760.
On the other hand, the price needs to obtain a negative incentive that contributes to the resumption of the bearish wave, the objectives of which begin with breaking 1.0632, to confirm the opening of the way towards heading towards 1.0580 as a main negative station.
support line :1.0632 , 1.0580
resistance line : 1.0690 , 1.0720
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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