EURUSD Intra-Day Technical Analysis - key support level to be broken for the breakdown to be continuing

H4 price was on bearish breakdown with the reversal: the price broke Ichimoku cloud together with the key support levels from above to below and it was stopped in the bearish area of the chart to be near 1.1071 support level.

• Chinkou Span line is located far below the price indicating the ranging bearish market condition to be continuing.
• The price is located below Ichimoku cloud/kumo which is indicating the primary bearish condition
• The nearest support level for H4 price is 1.1086

If H4 price will break 1.1071 support level on close H4 bar so the primary bearish with secondary breakdown will be continuing.
If H4 price will break 1.1354 resistance level so we may see the reversal to the primary bullish condition with secondary ranging (the price will be inside Ichimoku cloud/kumo in this case)
If not so we may see the ranging market condition.

• Recommendation for long: watch close H4 price to break 1.1354 for possible buy trade
• Recommendation to go short: watch H4 price to break 1.1071 support level for possible sell trade
  
• Trading Summary: ranging

SUMMARY : bearish