EURUSD / INSIDE ASCENDING CHANNEL - 4H
EURUSD / 4H TIME FRAME
HELLO TRADERS
Tendency , prices is under downward pressure , until trading below turning level at 1.112 .
Downward Condition : With the price holding steady at the current turning level at 1.112 , it is likely to decline towards the support level of 1.107. If it stabilizes below this level, it could then reach the next target level of 1.099 .
Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 1.112, leading to a rise toward the resistance level (1) at 1.117 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 1.112 .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 1.117 .
RESISTANCE LEVEL (2) : 1.112 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 1.107 .
SUPPORT LEVEL (2) : 1.099 .
TURNING LEVEL : 1.112 .
HELLO TRADERS
Tendency , prices is under downward pressure , until trading below turning level at 1.112 .
Downward Condition : With the price holding steady at the current turning level at 1.112 , it is likely to decline towards the support level of 1.107. If it stabilizes below this level, it could then reach the next target level of 1.099 .
Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 1.112, leading to a rise toward the resistance level (1) at 1.117 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 1.112 .
TARGET UPWARD ZONE :
RESISTANCE LEVEL (1) : 1.117 .
RESISTANCE LEVEL (2) : 1.112 .
TARGET DOWNWARD ZONE :
SUPPORT LEVEL (1) : 1.107 .
SUPPORT LEVEL (2) : 1.099 .
TURNING LEVEL : 1.112 .
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