EURUSD DAILY

TECHNICAL ANALYSIS

The average price swing was completed with a gap. The price is now into weekly and daily resistance marked R. Intraday 4 hour candle close below small trendline T(Fig,2) can lean price into X support zone. A daily candle close below X may lead price back into trendline support labelled S. Close preferably a weekly candle close below S can lead price back into the lows  support zone labelled M.

Meanwhile, if the momentum stays strong, a weekly candle close above R can lead price into the next resistance zone marked K.

Fig 1; EURUSD  Daily

Fig 2; EURUSD, 4-Hour