EURUSD / H4 / Daily Forex Technical Analysis / 4.11.2019

Hello Traders, welcome to the DAILY Forex technical analysis. Today is April 11th, 2019 and we will be taking a look at the Euro against the U.S.Dollar. Looking at the 4 hour time frame we can see we have made a series of higher lows and price action is now consolidating above major key support and resistance near the 1.12548 area. With this consolidation we will be looking for a optimal long position to set its self up. If we break out to the upside past the most recent highs, it could set up a profitable long. With a long entry above the local highs around the 1.12881 area, with a stop loss near 1.12477, and a profit target area of 1.13605, we can ensure a R/R of 1.79 to 1. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!