LONG EUR/USD
We have a strong support at 1.18245, price still has a little way to go before reaching this area as seen on the 4hr timeframe, if you use the Fibonacci tool you will see this support is also within the golden zone.
It could be said that price has broken the 4hr trend line and is currently below it. As you can see there is a strong resistance at 1.18906 which could potentially be a take profit area if price shows bullish momentum upon hitting the previously mentioned support. If it breaks this support we can look for a reaction to the 1.18159 zone.
It could be said that price has broken the 4hr trend line and is currently below it. As you can see there is a strong resistance at 1.18906 which could potentially be a take profit area if price shows bullish momentum upon hitting the previously mentioned support. If it breaks this support we can look for a reaction to the 1.18159 zone.
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