EURUSD 1H : The price under sell pressure
EURUSD
OUTLOOK
The euro was able to achieve another rise during Tuesday's session, as the US dollar showed notable fluctuations. As market participants prepare for the upcoming Federal Open Market Committee meeting scheduled for Wednesday, dovish sentiment has taken hold.
Technical Abstract :
in the last idea we got about +30 pip.
as long as price trade under 1.0720 the price will be under sell pressure and now it is possible to retest again to 1.0720 level and then drop to 1.0663 and under that 1.0632, and to confirm the bearish trend should stable under 1.0690 and then our target will be activate .
for reminder ,stabilized above 1.0720 will ended the bearish trend and will support the price to reach 1.0760
Additionally , Today news will affect the market directly.
support line : 1.0663 , 1.0632
resistance line : 1.0720 , 1.0760
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 was able to achieve another rise during Tuesday's session, as the US dollar showed notable fluctuations. As market participants prepare for the upcoming Federal Open Market Committee meeting scheduled for Wednesday, dovish sentiment has taken hold.
Technical Abstract :
in the last idea we got about +30 pip.
as long as price trade under 1.0720 the price will be under sell pressure and now it is possible to retest again to 1.0720 level and then drop to 1.0663 and under that 1.0632, and to confirm the bearish trend should stable under 1.0690 and then our target will be activate .
for reminder ,stabilized above 1.0720 will ended the bearish trend and will support the price to reach 1.0760
Additionally , Today news will affect the market directly.
support line : 1.0663 , 1.0632
resistance line : 1.0720 , 1.0760
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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