EURUSD 4H (Ascending Channel)

EURUSD

The price bounced from their lower of the channel was 1.0532 and will try to touch 1.0630 and 1.0670

Still, we have two scenarios:
first one, as long as the price is under 1.0581 which means still moves inside the downtrend channel till 1.0459 and 1.0415

second scenario:
breaking the trend above 1.0587 then will be a bullish trend till 1.0670 and 1.0764 (because will move to attend on the Ascending channel)


Pivot Price: 1.0580
Resistance prices: 1.0632 & 1.0670 & 1.0764
Support prices: 1.0532 & 1.0491 & 1.0415

The movement range will be between 1.0670 and 1.0532

Comment:

reached the target which was 1.0669
breaking this line by closing the 4h candle above it will support rising to reach 1.0760
and also if can stable under it then will move between 1.0670 and 1.0625