Technical Analysis Of EUR/USD
📈 EUR/USD Continues Bullish Momentum
Trend Overview:
EUR/USD maintains its strong uptrend on the 4H chart, bouncing firmly from the demand zone near 1.0955. Price has also respected the resistance-turned-support area at 1.1247, confirming bullish structure.
Key Zones to Watch:
- Demand Zone: 1.0955 – 1.1000
- Support Turned Resistance: Now acting as support at 1.1247
- 1st Target: 1.1650
- Final Target: 1.1842
Outlook:
As long as price holds above the 1.1247 support zone, bullish continuation toward the 1.1650 and 1.1842 resistance levels is likely. A break below 1.1247 could invalidate the upward momentum.
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📈 EUR/USD Continues Bullish Momentum
Trend Overview:
EUR/USD maintains its strong uptrend on the 4H chart, bouncing firmly from the demand zone near 1.0955. Price has also respected the resistance-turned-support area at 1.1247, confirming bullish structure.
Key Zones to Watch:
- Demand Zone: 1.0955 – 1.1000
- Support Turned Resistance: Now acting as support at 1.1247
- 1st Target: 1.1650
- Final Target: 1.1842
Outlook:
As long as price holds above the 1.1247 support zone, bullish continuation toward the 1.1650 and 1.1842 resistance levels is likely. A break below 1.1247 could invalidate the upward momentum.
If you enjoy, press the like button.
Trade active
Note
Trade running in good profit Note
trade running 200 pips+ Trade closed: target reached
Price touched 1st target area 1.15300.
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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.
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.