I was in the clouds all day - however, I have been monitoring EURUSD closely for what could be the 'Next move" So here is my H4 take.
1.1350 Psychological level has supported the pair heavily in the last few hours as the pair was forced through the marked intraday support range: 1.1350-1.1365.
Now that the pair is above this structural bay, I anticipate the pair to fall back into the area and start to glide to the upside & breaking 1.1370 H4 RES. In essence, the pair can bolt up and beyond to take out the highly important region which I have translated into the marked label 'rally takeout zone' - A lot more is going on that meets the eye up there but we will keep it simple as always.
My price target lies around 1.1425, marked with the grace of my green flag - Above this, we have 1.1450 Monthly RES.
I delivered a three chart breakdown a couple of hours ago on my Instagram live which I have saved for anybody who wants further insight.
Thank you for the positive feedback I have received recently.
1.1350 Psychological level has supported the pair heavily in the last few hours as the pair was forced through the marked intraday support range: 1.1350-1.1365.
Now that the pair is above this structural bay, I anticipate the pair to fall back into the area and start to glide to the upside & breaking 1.1370 H4 RES. In essence, the pair can bolt up and beyond to take out the highly important region which I have translated into the marked label 'rally takeout zone' - A lot more is going on that meets the eye up there but we will keep it simple as always.
My price target lies around 1.1425, marked with the grace of my green flag - Above this, we have 1.1450 Monthly RES.
I delivered a three chart breakdown a couple of hours ago on my Instagram live which I have saved for anybody who wants further insight.
Thank you for the positive feedback I have received recently.