EURUSD
Looking at this Eurusd chart, I see that the money pair is showing signs of continuing to move in the uptrend. The current price is trading around 1,11231, and there are a few important factors that we need to consider.
Firstly, the yellow support area has been maintained very well, showing that the buyer still has the strength in maintaining the price in this area. This is also an area coinciding with EMA 34 and 89, creating more solid support for the price.
Secondly, the rising trend is still being kept, and if the EURUSD can surpass the resistance level in the area marked by the red arrow, the higher the price will reach new high levels, even surpasses Through the threshold of 1,12000.
However, I also did not rule out the possibility of a short -term adjustment. If the price cannot break the current resistance and decreases, the yellow support area will play an important role again. If this region is broken, a deeper decrease may occur, returning to the price area around 1,10384 or further to 1,09434.
The best scenario that we are watching is the price will continue to rise, especially if we see the signal clearly breaks from the resistance threshold and set a higher peak. But, I will still be careful with any signs of reversal in the current resistance area.
I wish you successful transactions and earn a lot of profits from this strategy!
Firstly, the yellow support area has been maintained very well, showing that the buyer still has the strength in maintaining the price in this area. This is also an area coinciding with EMA 34 and 89, creating more solid support for the price.
Secondly, the rising trend is still being kept, and if the EURUSD can surpass the resistance level in the area marked by the red arrow, the higher the price will reach new high levels, even surpasses Through the threshold of 1,12000.
However, I also did not rule out the possibility of a short -term adjustment. If the price cannot break the current resistance and decreases, the yellow support area will play an important role again. If this region is broken, a deeper decrease may occur, returning to the price area around 1,10384 or further to 1,09434.
The best scenario that we are watching is the price will continue to rise, especially if we see the signal clearly breaks from the resistance threshold and set a higher peak. But, I will still be careful with any signs of reversal in the current resistance area.
I wish you successful transactions and earn a lot of profits from this strategy!
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.