EURUSD ( BREAKOUT CHANNEL ) ( STRONG BULLISH ) ( 4H )EURUSD
HELLO TRADERS
Tendency , the price is under strong bullish pressure ,after breakout 1.084
TURNING LEVEL : the price of turning level between 1.091 and 1.094 , indicates the price breaking 1.091 reach a new resistance level or created a new historical peaks , but if breaking 1.094 reach a support level .
RESISTANCE LEVEL : in the last chart price reach a full resistance level , know this level at 1.096
and 1.099 , for reach this level after breaking 1.091 .
SUPPORT LEVEL : support level at 1.088 . for reach this level should be price breaking a turning level at 1.094 .
PRICE MOVEMENT : the price is sensitive area , yesterday price have strong rising an breakout a supply zone reach a full target , created a new historical peaks , price breaking 1.091 rising or reach a new resistance level at 1.096 , then reach a 1.099 , after breaking 1.094 reach a support level at 1.088 it is a strong support level , the by open below 4h candle below this level reach 1.079 .
TARGET LEVEL
RESISTANCE LEVEL : 1.096 , 1.099 .
SUPPORT LEVEL ; 1.088 , 1.079 .
Eurusdventas
EURUSD ( UNDER BULLISH PRESSURE ) ( 1H )EURUSD
HELLO TRADERS
TENDENCY : generally the price stabilizing above turning level , indicates is under bullish pressure .
TURNING LEVEL : the price around 1.088 , as long as the price trading above this level reach a resistance level , breaking this level trying to touch a support level .
PRICE MOVEMENT : the price in previously , rising until reach a resistance level , currently price 1.090 , as long as the price trading above turning level reach a resistance level my goal 1.093 , but small retest inside FVG area before rising .
PRICE ACTION :
LONG CONDITION : the price trying to retest a FVG area , then rising a resistance level at 1.093 , breaking this level reach a next level at 1.096 .
SHORT CONDITION : if the price breaking turning level at 1.088 by open 4h candle below this level reach a support level at 1.086 , then stabilizing below this level reach a 1.082.
TARGET LEVEL :
LONG CONDITION / RESISTANCE LEVEL : 1.093 , 1.096 .
SHORT CONDITION / SUPPORT LEVEL : 1.086 , 1.082 .
EURUSD: The bears will approach the support zone!The currency pair EUR/USD experienced a drop to a fresh low of 1.0790 during the day, after reversing from a significant short-term obstacle. The downtrend is further supported by the breaking of a two-week support line, which is now a resistance level, and the calming uptrend of the MACD line. Additionally, the RSI line (14) has fallen to level 50, indicating the continuation of the downtrend. No information has been omitted from the original text.
Therefore, the EUR/USD quotes are set to test the confluence of the 1.0730 support level consisting of the DMA 50 and DMA 21 lines as traders start the important week.
Overall, EUR/USD is likely to fall further but the retracement range below 1.0730 appears to be limited.
EURUSD: Go long!
Break below support and approaching previous lows, there is a significant demand for rebound after a sharp pullback. If there is sufficient margin, I believe now is a good time to go long.
If you have any other trading-related questions, feel free to let me know in the comments and I will help you answer them.
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