The EURUSD parite, which continues its negative trend image under the region of 1,1255 – 1,1226, generates a cramped pricing behavior in short – term way. The permanent movements of horizontal pricing behaviors between the levels of 1,1226 – 1,1165, should be followed because of their short – term image. Because of trend is negative, it is possible to observe a down ward broke.
Main Scenario: If EURUSD parite continues to remain under the region of 1,1225 – 1,1226, it may want to resume its negative trend image which it has influence on since 21 March 2019. By this kind of opinion, the trend rally towards support points of 1,1165, 1,1125 and 1,1085 can be followed. Especially, in the movements which are under the level of 1,1165, if the canal point of 1,1085, 1,1085 will be broken, it can brings about psychological level of 1,1000. If the level of 1,1165 does not broken, the cramped pricing behavior between levels of 1,1165 – 1,1226 may want to continue.
Alternative Scenario: In order to negative trend image towards EURUSD parite to end, it is required 4 – hours closing on the region of 1,1255 – 1,1226. In the case of trend changing, it can be followed a positive image towards barriers of 1,1323 and 1,1360. If such situation occurs, the peak point of 21 March 2019 may be accelareted its increasing toward resistance level of 1,1446.
Pivot: 1,1255 – 1,1226 region
Support: 1,1165 – 1,1125 – 1,1085
Resistance: 1,1226 – 1,1255 – 1,1323