FX:EURUSD   Euro / U.S. Dollar
Price of eurusd seems to be on a bearish reversal, price is currently making hh(high low) and hl(high low) indicating buyers coming into the market on the 4hr tf(timeframe) trend line . if price continues and breaks bullish channel to continue bullish we will be aiming for 350 - 500 pips on this analysis whee 1.19559 is takeproft1 1.20297 takeprofit2, entry point(EP) region where we expect possible market reversal with our stoploss at 1.5900 giving a risk to rward of 1/3. we have two methods of entry, 1. entry at stated entrypoint 2. entry after price reverses and breaks bullish after breakout of channel. goodluck will keep you updated. Pivot levels R1- 1.1744 S1- 1.17281 R2- 1.17542 S2- 1.17224 R3- 1.17599 S3- 1.17122
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