EUR/USD Range-Bound but Ready to Break Higher?
Since the beginning of the year, EUR/USD has been trading within a range, fluctuating between 1.0200 and 1.0440, aside from a few temporary spikes in both directions.
While the overall trend remains bearish, I anticipate a relief rally in the near future, which could push the price toward the 1.0650–1.0700 zone in the medium term.
In the short term, the market remains stable, with a strong support base forming around 1.0200. Given this setup, my bias is bullish, and I’m looking to buy dips, targeting 1.0500 as the first key resistance level.
While the overall trend remains bearish, I anticipate a relief rally in the near future, which could push the price toward the 1.0650–1.0700 zone in the medium term.
In the short term, the market remains stable, with a strong support base forming around 1.0200. Given this setup, my bias is bullish, and I’m looking to buy dips, targeting 1.0500 as the first key resistance level.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.