EURUSD - 4H
Updated
The EURUSD chart is showing strength and most likely preparing to break through resistance 1.0695 When will this happen ?
The level of 1.0695. The price has been consolidating near it since late 2022 with quite a strong accumulation. The price is not falling but continues to press from below, the bulls are strengthening their positions. Possible potential in case of breakdown - growth of 2% (to the level of 1.09200)
I assume that the price will trade between the resistance 1.0695 and the support of the ascending channel for some time. But after that the price may test the breakdown resistance level . The short-term target is resistance at 1.0764. Medium-term target is the liquidity area at 1.09222.
Regards, FARHAD
The level of 1.0695. The price has been consolidating near it since late 2022 with quite a strong accumulation. The price is not falling but continues to press from below, the bulls are strengthening their positions. Possible potential in case of breakdown - growth of 2% (to the level of 1.09200)
I assume that the price will trade between the resistance 1.0695 and the support of the ascending channel for some time. But after that the price may test the breakdown resistance level . The short-term target is resistance at 1.0764. Medium-term target is the liquidity area at 1.09222.
Regards, FARHAD
Note
1.069531.07334
1.08959
1.09222
Trade closed: target reached
1.06953Trade closed: target reached
1.069531.07334
1.08959
Trade closed: target reached
1.09222Trade closed: target reached
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