EURUSD H4 - 12/05/2022

12 במאי 2022

1.052 is a daily resistance of EURUSD. We should expect a big bounce from the first touch but from the chart, there is no bounce at all. The accumulation zone has soon formed a descending flag, indicating that there will soon be a breakout. Right now is a good entry point for short but I'd wait until 1.054 to minimize the loss because it might be a false break.

Remember to trade systematically
Cheers.