TRENDLINE BREAKOUT / SUPPORT AND RESISTANCE

Short

Euro / US-Dollar (FX:EURUSD)

Aktualisiert

FX:EURUSD Euro / US-Dollar

trendanalysis chartpattern fundamental trendlinebreak priceactionanalysis

In this analysis, we'll be focusing on the H4 timeframe for EUR/USD, Here we have trendline breakout and also we have two resistance level and two support level. Now price is continue moving downward and the target is set at (support 1) with key levels at 1.07670 - 1.08050 . If price rejected the (support 1) area toward upside then we look for buy. But if price break below the (support 1) area then market will move further in downside direction and the target is set at (support 2). Let's delve deeper into these levels and potential outcomes.

SUPPORT.1 KEY LEVEL: 1.07670 - 1.08050
SUPPORT.2 KEY LEVEL: 1.06730 - 1.07110
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RESISTANCE.1 KEY LEVEL: 1.09600 - 1.08940
RESISTANCE.2 KEY LEVEL: 1.11370 - 1.10670

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