Description
⋅ When we analyze EUR USD on weekly chart , The Market structure is in a Long term Downtrend as shown below.
The high is 1.258 & the Low is 0.95
Now , Let us analyze the move from 0.95 to 1.1
As you can see , the daily support is @ 1.05 & the resistance is @ 1.1
Now let us see the Four hourly chart
4 hour chart is range bound
Now let us go to the Hourly chart