EURUSD Long on 4H
Patience is needed here.
There is daily Kumo support at 1.3072 and daily shadow Kumo support at 1.30058.
There are lower highs, but these are getting squeezed against the support at 1.30058. The Kumo top is dropping.
Chikou Span is above price, but will meet resistance at the Kumo. The sudden narrowing of the Kumo means that volatility is reducing.
The probability is that price will break up through 1.30855. It will retrace to test support again, then would be a good entry point if support 1.30855 holds.
There is daily Kumo support at 1.3072 and daily shadow Kumo support at 1.30058.
There are lower highs, but these are getting squeezed against the support at 1.30058. The Kumo top is dropping.
Chikou Span is above price, but will meet resistance at the Kumo. The sudden narrowing of the Kumo means that volatility is reducing.
The probability is that price will break up through 1.30855. It will retrace to test support again, then would be a good entry point if support 1.30855 holds.
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