EUR/USD teases a falling channel breakout on the 4-hour chart. A breakout would open the doors to the psychological hurdle of 1.22. EUR/USD trades near 1.2145, having rallied by 0.46% from 1.2078 to 1.2134 on Thursday, snapping a four-day losing trend. The 4-hour chart shows the pair is now hovering above the upper end of the falling channel represented by trendlines connecting Dec. 4 and Dec. 7 highs and Dec. 7 and Dec. 9 lows. A 4-hour close above the channel resistance would confirm breakout – an end of the pullback/consolidation and resumption of the rally from the Nov. 30 lows near 1.1920. The focus then would shift to the psychological hurdle of 1.22. The bullish bias would be invalidated if the pair finds acceptance under the former hurdle-turned-support of 1.2014 (September high). 4-hour chart Trend: Bullish Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Maker DAO Price Prediction: MKR seems poised to rebound to $600 FX Street 2 years EUR/USD teases a falling channel breakout on the 4-hour chart. A breakout would open the doors to the psychological hurdle of 1.22. EUR/USD trades near 1.2145, having rallied by 0.46% from 1.2078 to 1.2134 on Thursday, snapping a four-day losing trend. The 4-hour chart shows the pair is now hovering above the upper end of the falling channel represented by trendlines connecting Dec. 4 and Dec. 7 highs and Dec. 7 and Dec. 9 lows. A 4-hour close above the channel resistance would confirm breakout – an end of the pullback/consolidation and resumption of the rally from the Nov. 30… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
