EUR/USD-4 hour analysis

2020-02-06 13:29:09

Hello everybody!

-On this pair i have noticed that price tested support line(lower yellow line) 5 times in last 24 hours and the price got rejected.
-This can be good buy signal with good risk reward ratio like 1:3 or 1:4 but I have also noticed that EUR is weaker than USD so the price may got pushed down with bearish momentum.
-I recommend to wait for more conformation signals and wait to see some fundamental analysis about this pair.
What do you think about this setup? Please let me know in comment section!
THANKS FOR READING!

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-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial Advise.