Euro / U.S. Dollar
Long
Updated

EURUSD ( INSIDE ASCENDING CHANNEL) ( 4H )

180
EURUSD

HELLO TRADERS

  • Tendency, the price is under up ward pressure , until trade above turning level at 1.091 .

  • Upward zone : In order to see an increase, the price needs to continues trading above a turning level at 1.091 , to reach resistance levels (1) around 1.098 , then if the price breaking resistance level (1) by open 4h candle above it indicates to reach a resistance level (2) at 1.102 , but stabilizing below this level it refers likely to reach a turning level .

  • Downward zone: Provided until the prices breaking turning level by open 4h candle below it, indicates a reach of the support level (1) at 1.084 , then breaking this level with a 4h or 1h open candle below is likely to reach the support level (2) at 1.078 .

  • Corrective level :Price may make a correction at 1.091 , before rising .


TARGET LEVEL :
  • RESISTANCE LEVEL : 1.098 , 1.102 .
  • SUPPORT LEVEL : 1.084 , 1.078 .
Trade active
buy above 1.091
tp 1.098
tp 1.102
SL 1.088
Trade active
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