We can see price has reached our coveted support with a strong bearish big shadow on the H4 chart.
-However if you observe the same chart on the lower time frame, 15m, you will see price recollecting and consolidating. Perhaps a sign of exhaustion of sell pressure.
-Id say it safe to buy EURUSD at this zone. If anything, the lower zone is not so many pips far away in case of worst case scenario.
-What are your thoughts on the same?
-Bullish or bearish? We wanna know what you are doing.
-Let's see how price behaves from this point.
-However if you observe the same chart on the lower time frame, 15m, you will see price recollecting and consolidating. Perhaps a sign of exhaustion of sell pressure.
-Id say it safe to buy EURUSD at this zone. If anything, the lower zone is not so many pips far away in case of worst case scenario.
-What are your thoughts on the same?
-Bullish or bearish? We wanna know what you are doing.
-Let's see how price behaves from this point.
30m timeframe supports idea too