EUR/USD Breaking a Key Level
Good morning traders!. Today we will analyze EUR/USD, as it is breaking a fundamental trend line and may present a bullish opportunity in the short term.
🔸The downtrend has been in effect for several months.
🔸The more vertical trend line has been broken to the upside, which is a good bullish sign.
🔸Now, we consider that the price can move towards the next resistance zone.
🔸It is important to clarify that before this movement is generated, we are waiting for a small correction before this movement is generated.
🔸If the bullish situation occurs, as we said previously, the Resistance zone is the first target, and if it breaks, we may see the price face the more horizontal trend line.
🔸The downtrend has been in effect for several months.
🔸The more vertical trend line has been broken to the upside, which is a good bullish sign.
🔸Now, we consider that the price can move towards the next resistance zone.
🔸It is important to clarify that before this movement is generated, we are waiting for a small correction before this movement is generated.
🔸If the bullish situation occurs, as we said previously, the Resistance zone is the first target, and if it breaks, we may see the price face the more horizontal trend line.
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