EURUSD..4HOURS TIMEFRAME WEEKLY ANALYSIS
EURUSD... Showing that current price passing through sideways zone which I shown in RED TRIANGLE ZONE in above chart..
as per trend line analysis
.
Bulls should break 1.0587 level to maintain uptrend rally..
Above this crucial resistance bulls will control on price for further up move
.
and
.
Bear should break 1.0508 level for downside...it means EURUSD has a strong support at this (1.0508) level
Below this crucial support bears will take control on price and they will push price towards downside
.
In between these two levels price will consolidate
.
UPSIDE RESISTANCE LEVELS WILL BE,
1.0634/1.0683/1.0723/1.0763/1.0845
.
DOWNSIDE SUPPORT LEVELS WILL BE,
1.0482/1.0344
.
AS PER MY TREND LINE TECHNIQUE ANALYSIS EXPERIENCE..
IN NEXT WEEK WE CAN SEE HIGH VOLATILITY IN BETWEEN TWO RANGES..
Still at this moment BULLS are strong as price closed above 1.05400..in last session
which shows that bulls have a enough strength to push price above 1.06000
But,
We can't ignore bears power also
.
FOR FURTHER UP MOVE MAY BE PRICE WILL RETRACE FIRST AND THEN IT'LL MOVE TOWARDS UPSIDE
.
.
Above mentioned analysis and price predictions are my personal study.. It's not any kind of suggestions
Please do your own analysis..
.
HAVE A HAPPY TRADING WEEK AHEAD..ALL IS WELL
as per trend line analysis
.
Bulls should break 1.0587 level to maintain uptrend rally..
Above this crucial resistance bulls will control on price for further up move
.
and
.
Bear should break 1.0508 level for downside...it means EURUSD has a strong support at this (1.0508) level
Below this crucial support bears will take control on price and they will push price towards downside
.
In between these two levels price will consolidate
.
UPSIDE RESISTANCE LEVELS WILL BE,
1.0634/1.0683/1.0723/1.0763/1.0845
.
DOWNSIDE SUPPORT LEVELS WILL BE,
1.0482/1.0344
.
AS PER MY TREND LINE TECHNIQUE ANALYSIS EXPERIENCE..
IN NEXT WEEK WE CAN SEE HIGH VOLATILITY IN BETWEEN TWO RANGES..
Still at this moment BULLS are strong as price closed above 1.05400..in last session
which shows that bulls have a enough strength to push price above 1.06000
But,
We can't ignore bears power also
.
FOR FURTHER UP MOVE MAY BE PRICE WILL RETRACE FIRST AND THEN IT'LL MOVE TOWARDS UPSIDE
.
.
Above mentioned analysis and price predictions are my personal study.. It's not any kind of suggestions
Please do your own analysis..
.
HAVE A HAPPY TRADING WEEK AHEAD..ALL IS WELL
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