EURUSD / H4 / Daily Forex Technical Analysis / 7.1.2019

Hello Traders, welcome to the Daily Forex technical analysis. Today is July 1st, 2019 and we will be taking a look at the Euro against the U.S Dollar. Looking at the 4 hour time frame, price action is currently stagnant and is having a hard time finding more momentum to the upside, so we are preparing for the possibility of a pullback. We are looking for price action to have a minor pullback into its previous area of support near the 1.12 region. After the pullback we will be looking for an entry long with optimal conditions. Entry for a Long position near the 1.12751 area, with a Stop Loss near the 1.12484, and a target profit level area of 1.13739 to possibly ensure profitable trade conditions with a 3.70 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!