Hey traders! Hope everybody is doing well! Let's have a look on EURUSD 4H timeframe. We have clear trend to the upside. On this particular week our minimum was at 1.1952. My main daily support level for the past 2 weeks was 1.1900 and we didn't hit this target but were very close to. According to the trend direction to the upside - MY MAIN TARGET IS 1.2300! The question is - will we get a one more impulse to the downside before we go to the upside?
Also we have a huge impulse to the upside and potentially we have already created new HL formation at 1.2085. Also we can notice inverse H&S pattern, which can give us more confirmation the price will go up. So let's see, the level 1.2180 is very likely for now.
Also we have a huge impulse to the upside and potentially we have already created new HL formation at 1.2085. Also we can notice inverse H&S pattern, which can give us more confirmation the price will go up. So let's see, the level 1.2180 is very likely for now.