RhysFX

EUR/USD ANALYSIS / BUY? SELL?

FX:EURUSD   Euro / U.S. Dollar
As we can see on the 4H time frame we are currently consolidating between 1.11075 and 1.10650 so I will be waiting for a clean break and retest of one of these prices for a precision perfect entry.

Above 1.11075 we will look for TP levels at 1.11450 (38 pips) with a possibility of breaking our supply zone to 1.11650 (58 pips).

Below 1.10650 we will look for TP levels at 1.10350 (30 pips).

I will be using 1:2 R:R for this trade once a level is broke.

As always trade using your own techniques.

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