End Of Week Technicals for EURUSD: Ranging Bullish or Ranging Bearish?

This trading week ended with some interesting results and setups for some pairs. So, let's describe some of the interesting moments for EURUSD.

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EURUSD

D1 price is on primary bearish with market rally started 5 days ago and continuing for now.

H4 price is on breakout started on open bar with the price reversed to the primary bullish (on open bar as well):

• Chinkou Span line crossed the price from below to above for good breakout.
• The price break Senkou Span A line and came to the secondary ranging matket condition within primary bullish. Price is inside Ichimoku cloud/kumo on open bar now.
  
• The nearest resistance as 1.2541 is going to be broken on open bar.
  
• Nearest support level is 1.2398
  

If H4 price will break 1.2541 resistance level on close bar so we may see the ranging market condition within primary bullish - H4 price will be reversed from bearish to the bullish market condition.

If not so we may see the ranging within primary bearish.

• Recommendation for short: n/a
• Recommendation to go long: n/a
  
• Trading Summary: ranging
  

Resistance	Support
1.2509	1.2398
1.2541	1.2357
1.2577	N/A

SUMMARY : bearish or bullish :)

TREND : ranging