EURUSD ( UNDER DOWNWARD PRESSURE ) ( 4H )

Aug 12, 2024

EURUSD

HELLO TRADERS

in the last week the price of EURUSD trading between turning level at 1.094 and support level (1) at 1.088 , currently price stabilizing below turning level this allows them to lower prices for the support level (1) .

• Tendency , the price is under bearish pressure , until trading below turning level .
  
  
• Upward Zone : for an upward movement to occur , the price needs to break through the turning level at 1.094 , leading to rise that could reach the resistance level (1) 1.099 , if the price breaks and stabilizing above this level it may attempt to reach resistance zone between 1.102 and 1.105 .
  
  
• Downward Zone: as long as the price remain below the turning level at 1.094 , it may drop towards the support level (1) at1.088 , if the price breaks this level with a 4h candle closing below it , it suggest further decline towards the support zone between 1.084 and 1.078 .
  
  
• CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 1.094 before dropping .
  

TARGET LEVEL :

• RESISTANCE LEVEL : 1.099 ,1.102 , 1.105 .
  
• SUPPORT LEVEL : 1.088, 1.084 , 1.078 .
  

Aug 13, 2024

Trade active

by open 4h candle above turning level indicates to reach resistance level (1) , but remain or stay below turning level indicates to reach support level (1) .

TARGET LEVEL :
RESISTANCE LEVEL : 1.099 ,1.102 , 1.105 .
SUPPORT LEVEL : 1.088, 1.084 , 1.078 .