Get started
FuturesForexClasses

EURUSD / H4 / Daily Forex Technical Analysis / 6.4.2019

Long
Euro / U.S. Dollar (OANDA:EURUSD)  
FuturesForexClasses  
OANDA:EURUSD   Euro / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns EURUSD h4 dailyanalysis Technical Analysis Forex forexsignals forextrading forextradingzones june2019
4
0
trendanalysis harmonicpatterns chartpattern eurusd h4 dailyanalysis technicalanalysis forex forexsignals forextrading forextradingzones june2019
Hello Traders, welcome to the Daily Forex technical analysis. Today is June 4th, 2019 and we will be taking a look at the Euro against the U.S. Dollar. Looking at the 4 hour time frame we can see price action had a nice bullish continuation to the upside breaking above major key support and resistance areas, and nailing the top the trend line as resistance perfectly. We will be looking out for a minor pullback to the 1.12205 support area where we could look for an entry Long. Entry for a Long position near the 1.12212 area, with a Stop Loss near the 1.12025, and a target level area of 1.12621 to possibly ensure profitable trade conditions with a 2.19 to 1 R/R.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.