EURUSD Analysis Strategy Trading Signals
Updated
By observing the chart, we can see that the price fell to the seller's area a few days ago, then rebounded and rose to 1.1150 points, and then turned around and fell back. Then the price started trading inside the wedge, rose from the support line to the resistance line in a short period of time, and then turned around and began to fall. Soon, the price fell to the 1.1000 level and broke it, after which the price traded below for a while and then continued to fall. In a short period of time, the euro fell to the 1.0810 support level, which coincides with the buyer's area, and then rebounded. The price tried to rise, but failed, and then fell to the support line of the wedge, broke the support level, but the euro recovered not long ago. Then the price reached the resistance line, rebounded to the buyer's area, and then rose back. Recently, the price also exited the wedge and is now trading very close to the resistance line of the pattern. I think the price may fall to the buyer's area and then rebound. In this case, I set the target price at 1.0930 points.
Trade active
Trading: active
ENHANCE YOUR TRADING!!
✅ Join our FREE Telegram for Daily Signals and More Content:
t.me/+EH8pIOiN5-w5NTVh
Elevate your trades with a 20-year market veteran!
✅ Join our FREE Telegram for Daily Signals and More Content:
t.me/+EH8pIOiN5-w5NTVh
Elevate your trades with a 20-year market veteran!
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.