What is the expected trend of EUR USD?
In the EUR USD pair, the gradual fluctuating downward movement continues. We have prepared a new video for you to update our goals.
We would like to remind you first of all that long-term order openers; EUR USD first support point for the continuation of the floating gradual downward movement 1.08784. We get this level from the weekly chart’s pre-alert bottom border. Weekly chart’s all signals under short alert. The expected long-term support level is 1.08784
Long-term short positions can use this level as a take-profit.
How do we expect short-term positions?
The 1-hour chart is moving in a narrow range. The floating wave has been going on since November 22nd. Updated support and resistance levels are 1.10714 support, 1.10970 resistance level.
The 4-hour chart confirms the 1.09810 support level. We take this level from the red brackets given by the Forex Signals pre-alert. At the same time, we see that the median indicator is in the short direction and the arrow indicator is in the short direction of the yellow signal. However, the expected resistance point for the 4-hour movements is 1.10970. Pre-alert indicators suggest that the upward movement in 4-hour trading will see resistance at 1.10970.
Looking at the daily chart is that the arrow is in the yellow signal in a short direction, the median indicator signal in a short direction confirmed by the pre-alert signals. On the daily chart, you can confirm resistance at 1.10970.
Based on the common evaluation of all graphs, we expect this. Fluctuating price movements, up to 1.10970, below 1.08784 resistance. We expect further gradual downward movement by observing the support and resistance points. The expected trend is the gradual decline in the bearish market trend.
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