EURUSD- 20Dec2021
On the daily, price faced bearish pressure from the resistance at 1.13650 area.
On the H4 timeframe, price seems to be consolidating in a parallel channel after the bounce. We will have to monitor 1st Support level at 1.12060 closely to see whether the channel is still intact. Breaking below it will cause EURUSD to go lower.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the daily, price faced bearish pressure from the resistance at 1.13650 area.
On the H4 timeframe, price seems to be consolidating in a parallel channel after the bounce. We will have to monitor 1st Support level at 1.12060 closely to see whether the channel is still intact. Breaking below it will cause EURUSD to go lower.
This is for personal record purposes only, not financial advise or solicitation of trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.