JokerTrader59

EURUSD 4h - long term overview potential support

FX:EURUSD   Euro / U.S. Dollar
Now we are at a potential support level winch can hold due to the fact that it is a M1 chart trend-line which a very strong indication. Wait for confirmation before pulling the trigger not to get stopped out early. And also the reversal now is even more viable because of the Currency Correlations and their reversal like USDJPY which has a strong bearish outlook right now and the USDCHF which has the correlation coefficient of -0.8734 at a potential resistance level.

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