Daily time frame analysis:
Hello my all friends good morning the EUR/USD market last week was still experiencing a bearish movement as a resistance from the previous week’s bullish trend. Until now, the bearish movement of the EUR/USD currency pair managed to leave the previous week’s highest level at 1.1483. When this live trading discussion was updated, the EUR/USD price position was still running around the 1.1335 level. The movement of the EUR/USD currency pair for the last few weeks is still in a bullish condition and last week reversed downwards. The EUR/USD currency pair is estimated to have the potential to return to a bearish move and for this week’s trading, the market may still be under the control of sellers who are trying to push prices to lower levels. If this attempt is successful, the EUR/USD currency pair has a better chance of aiming for the next bearish target at the level of 1.1200, but if it fails, then the price will move bullish again to the level of 1.1450.
H4 time frame analysis:
On the price will be corrected first at the level of 1.1330 on the red line indicator, which is also approaching the 200 moving average indicator. Later here, I will wait for the price to move where it can go up again or break the indicator. With the possibility that if the indicator breaks down and moreover has broken through the previous support, namely at the level of 1.1310, my prediction is that the price will move down with a target at the level of 1.1270 because this is the support area that I saw on H4 time frame the check indicator itself crossed and I think it is still going strong again.