Analyzing the 1-hour chart of Euro/USD, a minor upward trend is observed, with price action respecting the established resistance and support lines.
A recent reversal from the resistance line has been identified, suggesting a potential downward move. We anticipate a decline towards the 1.04000 level.
Traders may consider this as a selling opportunity, with a potential target at 1.04000.
A recent reversal from the resistance line has been identified, suggesting a potential downward move. We anticipate a decline towards the 1.04000 level.
Traders may consider this as a selling opportunity, with a potential target at 1.04000.
Trade closed: target reached
Almost Target Done.
Guys Close The Trade As it is near the Support Line it may Take Reversal From here.
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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.
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.