EUR/USD 4H CHART
EUR/USD May fall 70-100 pips
Insight - Price has formed a symmetrical triangle with price pushing upwards against the overall downwards trend with support at 1.0738 and resistance at 1.0827. Price can be pushed in either direction depending if support or resistance is broken first.
Intraday - 4H
Trade: Sell
Sell or Below: 1.0738
Target TP: 1.0651 & 1.0565
Pivot and Support 1.0738
Alternative scenario:
Trade: Buy
Buy or Above 1.0827
Target TP: 1.0866 & 1.09136
Insight - Price has formed a symmetrical triangle with price pushing upwards against the overall downwards trend with support at 1.0738 and resistance at 1.0827. Price can be pushed in either direction depending if support or resistance is broken first.
Intraday - 4H
Trade: Sell
Sell or Below: 1.0738
Target TP: 1.0651 & 1.0565
Pivot and Support 1.0738
Alternative scenario:
Trade: Buy
Buy or Above 1.0827
Target TP: 1.0866 & 1.09136
Penafian
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