I'm currently anticipating further strength in the euro against the dollar, with the potential for an impulsive upward move targeting at least the 1.1312 level.
The current wave structure suggests a bullish count is still valid, provided that 1.0528 holds as support. A decisive break below this level would invalidate the bullish scenario, opening the door for renewed downside pressure, potentially driving price back below the 1.0205 area.
📌 Key Levels:
🔹 Bullish Target: 1.1312
🔻 Invalidation Level: 1.0528
⚠️ Bearish Continuation Below: 1.0205
As always, stay disciplined and manage risk accordingly.
The current wave structure suggests a bullish count is still valid, provided that 1.0528 holds as support. A decisive break below this level would invalidate the bullish scenario, opening the door for renewed downside pressure, potentially driving price back below the 1.0205 area.
📌 Key Levels:
🔹 Bullish Target: 1.1312
🔻 Invalidation Level: 1.0528
⚠️ Bearish Continuation Below: 1.0205
As always, stay disciplined and manage risk accordingly.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.