EUR/USD - 4 Hour Near Resistance Outlook
Analysis:
- 4 Hour Chart
- Trend is upward
- Resistance 1: 1.0994
- Resistance 2: 1.1071
- Support 1: 1.0922
Looking for possible breakout about R1 @ 1.0994. Hoping this is rather weak as highs from the past Thursday and Friday have touched.
If breakout is rejected we may see a fall back to support around 1.0922.
If rejected at first, may want to wait for a confirmation bar below the cloud or a Tenkan/Kijun Sen crossover to go short.
Will at least be waiting for a solid close above the cloud and R1 to enter a Buy.
- 4 Hour Chart
- Trend is upward
- Resistance 1: 1.0994
- Resistance 2: 1.1071
- Support 1: 1.0922
Looking for possible breakout about R1 @ 1.0994. Hoping this is rather weak as highs from the past Thursday and Friday have touched.
If breakout is rejected we may see a fall back to support around 1.0922.
If rejected at first, may want to wait for a confirmation bar below the cloud or a Tenkan/Kijun Sen crossover to go short.
Will at least be waiting for a solid close above the cloud and R1 to enter a Buy.
Trade active:
Got in a tad early at 1.0990. Seems we are meeting a bit of resistance around 1.1000, testing multiple times. Still holding strong. Current TP set to 1.1030.