Eur/Usd 4hr Outlook Technical Analysis

With the look on Eur/usd 4hr time frame,I am waiting for breaking of 1.2251 and follow  EU to 1.2162,below it ll be so dangerous forEur/usd because this point is confluence support price.if we look far left we ll see confluence region and price broke up to 1.2520 last week  as depicted in the chart shown below. if the support got broken this week price ll look for another key support. Fig 1.1 EU – 4hr out look

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EUR/USD WEEKLY ANALYSIS

On weekly time frame of Eur/usd price found resistance at 1.2537 two weeks ago and last week candle was contained inside the previous bar, this week has broken last week low as this happened aggressively traders has taken position , conservatively we need to wait for a close below 1.2335 or a retest. if this happened price is heading to 1.2150 to find a support if failed then to 1.1920 Click on the chart below to view the weekly time frame of Eurusd:

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