EUR/USD-4 Hour overview
Hello everybody!
-On the 4-hour chart, we can see that the price formed head and shoulders pattern, head and shoulders pattern shows us that the price might keep pushing even more in a bearish direction.
-We can see that we have strong bearish movement right now, The last 8 hours we can see that the price formed very strong bearish candles.
-On a daily base, EUR is very weak while USD is the strongest currency at this moment, on a 4-hour base EUR is still very weak while USD is very strong.
-If EUR remains weak and USD strong then we can expect further bearish movement and if USD loses its power and EUR gains some power then we can expect bullish 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 the 4-hour chart, we can see that the price formed head and shoulders pattern, head and shoulders pattern shows us that the price might keep pushing even more in a bearish direction.
-We can see that we have strong bearish movement right now, The last 8 hours we can see that the price formed very strong bearish candles.
-On a daily base, EUR is very weak while USD is the strongest currency at this moment, on a 4-hour base EUR is still very weak while USD is very strong.
-If EUR remains weak and USD strong then we can expect further bearish movement and if USD loses its power and EUR gains some power then we can expect bullish 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.