EURUSD H4 | Will break above the resistance?

5 thg 4, 2023

Looking at the H4 chart, price has reversed from our sell entry at 1.0967 , which is a significant multi swing high support level coinciding with the 138.2% Fibonacci extension level. In order to manage the risk, we will place our stop loss at 1.1022, which is a swing high resistance level. As for the potential profit target, we will aim for 1.0926, which is a pullback support level.

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