EURUSD 4H : SHORT TERM

EURUSD
EUR/USD is part of a very strong bearish trend.
Traders may consider trading only short positions (for sale) as long as the price remains well below 1.0704, The next support located at 1.0607 is the next bearish objective to target.

A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.0585, Below this support, sellers could then target 1.0532, With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend.

Trying to profit from the purchase of these possible corrections may seem risky.


Pivot Price: 1.0693
Resistance prices: 1.0764 & 1.0835 & 1.0930
Support prices: 1.0665 & 1.0580 & 1.0530

The movement range will be between 1.0770 and 1.0532