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EURUSD H4 | Respect Ascending trendline
Based on the H4 chart analysis, we can see that the price is currently respecting the ascending trendline that acts as a support level, which coincides with the intermediate support at the 1.0968 level. Price could potentially reverse from this level.
However, if the price breaks below this level, it could trigger our sell entry at 1.0941, which is a multi-swing low support level. The stop loss will be at 1.0847, which is an overlap support level. The take profit will be at 1.1051, which is a multi-swing high resistance level.
However, if the price breaks below this level, it could trigger our sell entry at 1.0941, which is a multi-swing low support level. The stop loss will be at 1.0847, which is an overlap support level. The take profit will be at 1.1051, which is a multi-swing high resistance level.
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