Hey Traders! Here we have 
EURUSD on the 4hr chart. As most people know EURUSD has been trading in a very tight range for the past 3 months, unable to break either up or down.
Currently support is seen at 1.224 and further down at 1.215 and last but not least 1.20.
Looking at the higher time frames, both the weekly and monthly are showing us a very big resistance of the initial fall that started in 2018. Also at the levels we will find the 38.2 Fibo retracement level of this move down.
EURUSD on the 4hr chart. As most people know EURUSD has been trading in a very tight range for the past 3 months, unable to break either up or down. Currently support is seen at 1.224 and further down at 1.215 and last but not least 1.20.
Looking at the higher time frames, both the weekly and monthly are showing us a very big resistance of the initial fall that started in 2018. Also at the levels we will find the 38.2 Fibo retracement level of this move down.
Trade active
SL can be moved to entry. TP 1 was hit.Note
SL can be moved to entry. TP 1 was hit.Note
Trade closed: target reached
What a beautiful trade!
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Related publications
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.