EURUSD- 22Apr2022
On the daily, EURUSD faced bearish pressure from the 20EMA and 1st Resistance at 1.09050.
On the H4, price is now at 20EMA & 50 MA support. Based on the recent price action, EURUSD might be forming a cup and handle. We will need to wait out and confirmation for further upside once price can close above 1.09200.
This is for personal work record purposes only, not trade / financial advise or solicitation of trade.
On the daily, EURUSD faced bearish pressure from the 20EMA and 1st Resistance at 1.09050.
On the H4, price is now at 20EMA & 50 MA support. Based on the recent price action, EURUSD might be forming a cup and handle. We will need to wait out and confirmation for further upside once price can close above 1.09200.
This is for personal work record purposes only, not trade / financial advise or solicitation of trade.