Hello Traders, welcome to the Daily Forex technical analysis
. Today is August 15th , 2019 and we will be taking a look at the Euro
against the U.S Dollar. Looking at the 4 hour time frame, price action just broke downward towards the previous area of support at the 1.111 area. If price action can hold this area we will be looking for an entry long with optimal conditions. Entry for a Long position near the 1.11144 area, with a Stop Loss near the 1.10921 region, with a target profit level area of 1.11657 to possibly ensure profitable trade conditions with a 2.3 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!