EURUSD - 4H Chart - Range
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Underlying: EURUSD
Time frame: 4H
So looking at the 4 Hour chart it is now putting in a range. This range will break out over the coming week and I feel that this breakout will be to the upside. If the breakout occurs to the downside then you can look at the pink area, 1.1800 - 1.1720 as the support area.
If price gets down into this pink zone it could be another possibility to buy. The MACD is also still fairly bullish and it does not look like it is going to move much lower.
Underlying: EURUSD
Time frame: 4H
So looking at the 4 Hour chart it is now putting in a range. This range will break out over the coming week and I feel that this breakout will be to the upside. If the breakout occurs to the downside then you can look at the pink area, 1.1800 - 1.1720 as the support area.
If price gets down into this pink zone it could be another possibility to buy. The MACD is also still fairly bullish and it does not look like it is going to move much lower.
Commentaire
The range is still in place and we bounced nicely from top resistance. Still waiting for breakout.
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