EUR/USD 4H Chart analysis, minor support intact
In the 4hourly chart of EUR/USD, we can see that the minor support level at 0.99 zone is still intact.
Thus the likelihood of a small relief rally to 1.0050 is still lingering.
That being said, the fundamentals of EURO remains quite weak against the US Dollar. So, bulls must be
careful. Short-term traders can take advantage of the current volatility and trade in both directions.
I would be looking to buy EUR/USD in the support zone near 0.9920 with a small stop loss to keep the risk low.
Targets would be 1.00 and 1.0050 respectively.
Thus the likelihood of a small relief rally to 1.0050 is still lingering.
That being said, the fundamentals of EURO remains quite weak against the US Dollar. So, bulls must be
careful. Short-term traders can take advantage of the current volatility and trade in both directions.
I would be looking to buy EUR/USD in the support zone near 0.9920 with a small stop loss to keep the risk low.
Targets would be 1.00 and 1.0050 respectively.
Comment:
First target at 1.00 reached