Hello everybody!
-On a 4-hour time frame, we can see that the price is at some consolidation on the lower yellow line which we can consider as a support line because there are plenty of rejections.
-On lower time frames such as 1 hour, we can see multiple rejections and now the price is forming bearish candle on a 1-hour time frame.
-On a daily base, EUR is at a similar level as USD and on a weekly base, EUR is a little bit weaker than USD.
-If EUR and USD remain on same level we can expect consolidation wit small bearish movement, if EUR gains some power and USD loses some power we can expect a bullish movement and if USD remains strong and EUR loses its power we can expect bearish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
-On a 4-hour time frame, we can see that the price is at some consolidation on the lower yellow line which we can consider as a support line because there are plenty of rejections.
-On lower time frames such as 1 hour, we can see multiple rejections and now the price is forming bearish candle on a 1-hour time frame.
-On a daily base, EUR is at a similar level as USD and on a weekly base, EUR is a little bit weaker than USD.
-If EUR and USD remain on same level we can expect consolidation wit small bearish movement, if EUR gains some power and USD loses some power we can expect a bullish movement and if USD remains strong and EUR loses its power we can expect bearish movement.
-WHAT DO YOU THINK ABOUT THIS SETUP?
Please let me know in the comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support, I will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial
advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.