EURUSD – 4 Hour ; Inside Bar Pattern (1.3233-1.3301) !

EURO-Dollar-min

As shown on the 4-hour chart posted below. The EURUSD has formed a breakout pattern. Support at 1.3233, resistance at 1.3301. A four hour close above 1.3301 will advance the pair further higher towards 1.3370 ahead of  1.3440 levels. While a four hour close below 1.3233 will open the way to 1.3165 ahead of 1.3095  levels.

Recommendation 1 #: Buying the pair with a 4 hour closing above 1.3301 targetings 1.3370 and 1.3440 levels, stop loss below 1.3233 levels.

Recommendation 2 #: Selling the pair with a 4 hour closing below 1.3233 targetings 1.3165 and 1.3095 levels, stop loss above 1.3301 levels.

Anyway, the current situation indicates that there’s a strong fight between buyers and sellers.

MARKET DATA

UPCOMING ECONOMIC EVENTS