EURUSD H4 - Important Levels
Current levels are listed on the chart below. The 1.1230/50 zone is highly important for bulls. My bias is to look for shorts inside that area.
Overall we can see that price just broke out down of dashed red channel. It is also respecting another sideways channel at the moment.
Bigger picture: As long as 1.1142 holds the overall trend is still bullish. But at the moment it seems to be temporarily bearish as long as 1.1280 resists. I guess the highest pressure will be onto 1.1195 for tonight and tomorrow until it breaks (hopefully). Time will show.. good luck to all..
Stay Green
Current levels are listed on the chart below. The 1.1230/50 zone is highly important for bulls. My bias is to look for shorts inside that area.
Overall we can see that price just broke out down of dashed red channel. It is also respecting another sideways channel at the moment.
Bigger picture: As long as 1.1142 holds the overall trend is still bullish. But at the moment it seems to be temporarily bearish as long as 1.1280 resists. I guess the highest pressure will be onto 1.1195 for tonight and tomorrow until it breaks (hopefully). Time will show.. good luck to all..
Stay Green
Be a seer, not a looker!
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