EURUSD losing momentum
Hello everyone,
EURUSD 4H NEW FORECAST
The EUR/USD pair did not show any strong movement yesterday, fluctuating around the level of 1.0925, noting that the Stochastic indicator clearly lost its positive momentum, and begins to cross negatively now, waiting to stimulate the price to resume the expected downward trend in the intraday term, which is its main target. Next at 1.0860.
Stability below 1.0960 represents a basic condition for the continuation of the expected decline, as breaching it will push the price to recover again and open the way to achieving new gains that reach the 1.1080 area while breaking 1.0860 will put the price under additional negative pressure targeting 1.0765 levels in the near term.
The general trend expected for today: Bearish
The expected trading range for today is between support 1.0840 and Resistance 1.0980
EURUSD 4H NEW FORECAST
The EUR/USD pair did not show any strong movement yesterday, fluctuating around the level of 1.0925, noting that the Stochastic indicator clearly lost its positive momentum, and begins to cross negatively now, waiting to stimulate the price to resume the expected downward trend in the intraday term, which is its main target. Next at 1.0860.
Stability below 1.0960 represents a basic condition for the continuation of the expected decline, as breaching it will push the price to recover again and open the way to achieving new gains that reach the 1.1080 area while breaking 1.0860 will put the price under additional negative pressure targeting 1.0765 levels in the near term.
The general trend expected for today: Bearish
The expected trading range for today is between support 1.0840 and Resistance 1.0980
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