EURUSD- 22Dec2021
On the H4 timeframe, price is still consolidating within a parallel channel after the bounce. We will have to monitor 1st Support level at 1.12060 closely to see whether the channel is still intact. Breaking below it will cause EURUSD to go lower.
On the H1, price is still respecting above the ascending trendline. If price closes below, price could go much lower.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the H4 timeframe, price is still consolidating within a parallel channel after the bounce. We will have to monitor 1st Support level at 1.12060 closely to see whether the channel is still intact. Breaking below it will cause EURUSD to go lower.
On the H1, price is still respecting above the ascending trendline. If price closes below, price could go much lower.
This is for personal record purposes only, not financial advise or solicitation of trade.