We Have an Analysis Of EURUSD H4. This Analysis Based On Price Action Theory.
Pair is falling down by getting supply pressure from the downtrend line and heading towards the south side. Well, the way bears are reacting it seems like they are approaching the 1.1650 and 1.1600 level which are the next arrival of bears. The overall pair is trading below all the major and minor EMA lines which are favoring the bears for the time being and other indicators like RSI and MACD are providing us bearish signal on the hourly as well as the daily chart. A death crossover on the hourly chart is already there which is providing us a bearish signal. We will keep our view bearish on the pair as long as 1.1750 level remains intact.
I Request to All Before The Trade You Also Match You're Analysis With As If You're Set up Match Then You Can Trade.
Thanks
Regard
shivamfx Technical Team
Note- Please Take Only Two ✌️ 2% Risk On Given Analysis
Pair is falling down by getting supply pressure from the downtrend line and heading towards the south side. Well, the way bears are reacting it seems like they are approaching the 1.1650 and 1.1600 level which are the next arrival of bears. The overall pair is trading below all the major and minor EMA lines which are favoring the bears for the time being and other indicators like RSI and MACD are providing us bearish signal on the hourly as well as the daily chart. A death crossover on the hourly chart is already there which is providing us a bearish signal. We will keep our view bearish on the pair as long as 1.1750 level remains intact.
I Request to All Before The Trade You Also Match You're Analysis With As If You're Set up Match Then You Can Trade.
Thanks
Regard
shivamfx Technical Team
Note- Please Take Only Two ✌️ 2% Risk On Given Analysis
