Euro / Dollar ASDiupdate EUR/USD-4 hour analysis
Hello everybody!
-On this pair i have noticed that price tested support line(lower yellow line) 5 times in last 24 hours and the price got rejected.
-This can be good buy signal with good risk reward ratio like 1:3 or 1:4 but I have also noticed that EUR is weaker than USD so the price may got pushed down with bearish momentum.
-I recommend to wait for more conformation signals and wait to see some fundamental analysis about this pair.
What do you think about this setup? Please let me know in comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial Advise.
-On this pair i have noticed that price tested support line(lower yellow line) 5 times in last 24 hours and the price got rejected.
-This can be good buy signal with good risk reward ratio like 1:3 or 1:4 but I have also noticed that EUR is weaker than USD so the price may got pushed down with bearish momentum.
-I recommend to wait for more conformation signals and wait to see some fundamental analysis about this pair.
What do you think about this setup? Please let me know in comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial Advise.
Catatan
-Price started moving in bullish direction,we will see how that will last.6:48 London time right now
Catatan
Strong rejection at 1 hour time frame.8:14 London time right now.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.