#EURUSD Price trading in supply area and it also reacts the 4HR resistance so it is possible to a drop And the price also expect touching the 50EMA or next level support and watch any bearish candlestick formed in the resistance area
Why we like it:
Price is moving to the Resistance 4HR area
waiting for bearish candlestick formation
waiting for 50EMA retracement
1st support:
1.18678
Next Zone area & horizontal swing Low support
2nd support:
1.18472
Zone area & horizontal swing Low support
1st Resistance
1.19100
Zone area & horizontal swing high resistance
Why we like it:
Price is moving to the Resistance 4HR area
waiting for bearish candlestick formation
waiting for 50EMA retracement
1st support:
1.18678
Next Zone area & horizontal swing Low support
2nd support:
1.18472
Zone area & horizontal swing Low support
1st Resistance
1.19100
Zone area & horizontal swing high resistance
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.