Dana16

EURO/USD - 4h - Strong Support-

FX:EURUSD   Euro / U.S. Dollar
At the moment, the price is facing a strong support formed since May 2020. A few attempts were made but nothing confirmed, so the price can move either way:

1.The trendline support is respected and price continues up to the major resistance zone 1.215. or,

2. The trendline support is broken and the price moves towards 1.195 support.

If you have a different view, please share, I would love to hear your analysis.
Comment:
Confirmed breakout of the trendline support: Target 1.195
Trade closed: target reached

Comments

The analyses are great! Subscribed
+1 Reply
Dana16 abel11
@abel11, thank you!!
Reply
Nice one Dana
+1 Reply
Dana16 TheSignalyst
@TheSignalyst thank you, for the support, Rich!
Reply
Nice analysis here
+1 Reply
Dana16 Dave-FX-Hunter
@Dave-FX-Hunter thank you, I appreciate it!
Reply
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