For more than 2 weeks now the EURUSD price action has been bearish .When we last spoke about the pair price showed signs of a bullish run. Price had found resistance at level 1.22684 .This was which was a major resistance Level .In the chart you may see how price failed to break past the level. Price traded right down to level 1.1842 where it found support. It now ranges within the support level and resistance level 1.19770. The link below can be used to evaluate the pervious analysis https://fxsits.com/the-eurusd-price-shows-possibilities-of-a-bullish-run/ .
The EURUSD price currently ranges on the H1 and Daily time frame. We can see price struggle in between the support level 1.1842 and resistance level 1.19774 .If this continues we may see price break in either direction .A bearish breakout may cause price fall to level 1.17069 thus exposing the next level which is our next target support. But, if price does move bullish and breaks past the resistance level 1.19776 .Then we may see level 1.20590 being exposed. This where is our next resistance level is.
Our analyst at fxsits hold strong bullish belief that buyers may push the market up in the long run . Attached are the daily and H4 time frame for your reading and proper understanding on how the trade and profit from the said pair .
NB: Warning Before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consider position sizing before entering a trade and manage your risk accordingly. Please read risk warning before deciding to trade the markets.