EURUSD 4H ( near to support )

EURUSD

Analyze

The euro dollar is experiencing an important and decisive support for its trading in the coming period that is 1.0919

The slowdown coincided with the price reaching an important support area between 1.0919 - 1.0961 levels, which is the lowest trading level since the bottom of the first of last month .

that support will decide the EURUSD will take another bottom or not

The movement will be between 1.0919 and 1.0961

stabilized under 1.0919 then it will witness another bottom 1.0891 and under that 1.0873

to be uptrend should stable above 1.0961 and then we will see the EURUSD will reach again to 1.0987 , 1.10461

support line : 1.0919 , 1.0891 , 1.0874
resistance line : 1.0961 , 1.0987 , 1.1046

Today news will affect the market

BUY above 1.0919

TP : 1.0961 = 42 pip
TP : 1.0987 = 68 pip
TP : 1.1046 = 127 pip

Exit position under 1.0891 = 28 pip
Low risk