EURUSD / UNDER DOWNWARD PRESSURE - 4H
Updated
EURUSD / 4H TIME FRAME
HELLO TRADERS
in the last chart fit full target .
The overall trend remains downward as long as trading stays below the turning level of 1.108.
Currently, prices are below this level, suggesting a potential decline towards the first support level at 1.103. If a 4-hour candle closes below this support, further declines are expected, targeting the second support level at 1.099 .
For prices to increase, the turning level must be broken and stabilized above, which could lead to a rise towards the first resistance level at 1.113, and potentially further to 1.119 .
KEY LEVELS :
HELLO TRADERS
in the last chart fit full target .
The overall trend remains downward as long as trading stays below the turning level of 1.108.
Currently, prices are below this level, suggesting a potential decline towards the first support level at 1.103. If a 4-hour candle closes below this support, further declines are expected, targeting the second support level at 1.099 .
For prices to increase, the turning level must be broken and stabilized above, which could lead to a rise towards the first resistance level at 1.113, and potentially further to 1.119 .
KEY LEVELS :
- Turning Level : 1.108
- Resistance Levels : 1.113 , 1.119
- Support Levels : 1.103 , 1.099
Trade closed: target reached
reached first target + 25 pip profit .
as long as trading below FVG it suggest further decline to reach next target at 1.099 .
however breaking turning level at 1.108 likely to rising until reach resistance level (1) at 1.113 , to confirm an upward , need breaking with stabilizing above resistance level (1) .
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