EURUSD / H4 / Daily Forex Technical Analysis / 6.4.2019
Hello Traders, welcome to the Daily Forex technical analysis. Today is June 4th, 2019 and we will be taking a look at the Euro against the U.S. Dollar. Looking at the 4 hour time frame we can see price action had a nice bullish continuation to the upside breaking above major key support and resistance areas, and nailing the top the trend line as resistance perfectly. We will be looking out for a minor pullback to the 1.12205 support area where we could look for an entry Long. Entry for a Long position near the 1.12212 area, with a Stop Loss near the 1.12025, and a target level area of 1.12621 to possibly ensure profitable trade conditions with a 2.19 to 1 R/R.
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