fxhassan

EURUSD 4H trendline & price action analysis

Short
FX:EURUSD   Euro / U.S. Dollar
EURUSD is currently trading below horizontal resistance as well as descending channel trend line resistance after breaking inside ascending trend line resistance . it has high chance to move down to next horizontal support of 1.1620 minimum. but wait for a pullback to 1.1770 first then look for bearish engulfing or bearish pin bar for entry. don't enter with out confirmation by these two candle sticks.
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.