EURUSD 4H (It Looks Bearish)

EURUSD Outlook

After breaking through the robust support line at 1.0858, the price has the potential to stabilize within the bearish zone.

Stability within this area would indicate a bearish trend, targeting 1.0793. Conversely, a reversal above 1.0858 would suggest a potential move towards 1.0902.

Pivot Price: 1.0858
Resistance prices: 1.0902 & 1.0932 & 10.980
Support prices: 1.0793 & 1.0755 & 1.0707

The movement range will be between the support 1.0792 and the resistance 1.0865

Tendency: Downward
Supply and DemandSupport and ResistanceTrend Analysis

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