EURUSD parite, with its calm image it represent for last days, generate an expectation of a hard pricing behavior for new periods. So that, the EURUSD, which continues its image with an important waiting, also continues its horizontal pricing behavior in the bollinger band. However, because trend is negative, the expectation for down ward broke is strong. So that, despide of the negative trend image under the region 1,1255 – 1,1226, for short – term, the permanent movements out of the 1,1226 – 1,1165, are important for new pricing behaviors.
Main Scenario: If EURUSD parite continues to remain under the region of 1, 1255 – 1,1226, it may want to resume its negative trend image which it has influence on since 21 March 2019. With this point of view, the trend rally toward support points of 1,1165, 1,1125 and 1,1085 may be observed. Especially the current bottom point of bollinger band may generate a movement toward psyhological level of 1,1000 in the movement under the level of 1,1165 if canal the levels of 1,1085 broke down. If the movements in the level of 1,1165 will continue, the cramped pricing behavior between levels of 1,1165 – 1,11226 .
Alternative Scenario: In order to negative trend image toward EURUSD parite to end, it is required 4 – hours closing in the region of 1,1255 – 1,1226. In case of trend changing, a poisitive image towards levels of 1,1323 – 1,1360 may be observed. And if this kkind of situation occurs, the peak point of 21 March 2019 may accelarete its increases toward resistance point of 1,1446.
Pivot: 1,1255 – 1,1226 regions
Support: 1,1165 – 1,1125 – 1,1085
Resistance: 1,1226 – 1, 1255 – 1,1323