2-4-2016 1-34-32 AMTrend is bullish in 4 hours time frame. Support is present at 1.0985 price level. In last few trading days EUR/USD currency pair has printed a bullish leg which looks like an impulse Wave 3 which is part of a higher time frame Zig Zag pattern. Now, the trend is up so, only look for buy trades. However; a bearish break down in price action below 1.0985 critical support level is going to fail the bullish market view. In this case, I would prefer to stay out of the market and re-analyze the price action.

By FXOpen