EUR/USD Multi-Timeframe analysis

Hi Traders

EUR/USD Multi-Timeframe analysis

H1 Chart (Bullish)

Target 1 at 1.21213 has been reached. We closed 50% of our position and have moved the stop loss at the lock-in-profits level at 1.21006 . Provided the market conditions will remain the same Target 2 will be reached soon.

Support & Resistance
1.20991 1.21469
1.20614 1.21590
1.20505 1.22205

H4 Chart (Strong Down)

The market is approaching the resistance at 1.21490 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 1.21808 level.

Support & Resistance
1.21224 1.21490
1.20505 1.21808
1.19853 1.22460

Daily Chart (Bullish)

The completion of a trend reversal formation at 1.21183 has forced us to close our position earlier than we had planned. Now we are looking for the next opportunity to enter the market.

Support & Resistance
1.19853 1.21490
1.19517 1.22456
1.18348 1.24093

Weekly Chart (Neutral)

The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track.

Support & Resistance
1.17034 1.21707
1.14955 1.23485
1.07772 1.27291

Quality: 80%
Strength: 90%
Trend: Strong up