#EURUSD Price trading in supply area and it also reacts the 4HR resistance so it is possible to a drop And the price also expect touching the 50EMA or next level support and watch any bearish candlestick formed in the resistance area
Why we like it:
Price is moving to the Resistance 4HR area
waiting for bearish candlestick formation
waiting for 50EMA retracement
1st support:
1.18678
Next Zone area & horizontal swing Low support
2nd support:
1.18472
Zone area & horizontal swing Low support
1st Resistance
1.19100
Zone area & horizontal swing high resistance
Why we like it:
Price is moving to the Resistance 4HR area
waiting for bearish candlestick formation
waiting for 50EMA retracement
1st support:
1.18678
Next Zone area & horizontal swing Low support
2nd support:
1.18472
Zone area & horizontal swing Low support
1st Resistance
1.19100
Zone area & horizontal swing high resistance