EUR/USD Multi-Timeframe analysis

H1 CHART

The market is approaching the resistance at 1.20463 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 1.21200 level.

Support & Resistances
1.20225 1.20463
1.20085 1.21200
1.19847 1.21276

H4 CHART

The market is approaching the resistance at 1.20494 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 1.20808 level.

Support & Resistances
1.20225 1.20494
1.20066 1.20808
1.19797 1.21487

DAILY CHART

A medium probability, entry signal to go SHORT was given at 1.20773 after the market found resistance at 1.21722 . Only the upward break of 1.21722 would cancel the bearish scenario.

Support & Resistances
1.20527 1.21887
1.19190 1.23485
1.18237 1.24438

WEEKLY CHART

The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track.