#EURUSD
💸 #EURUSD (Euro / U.S. Dollar)
🕓 Time Frame: 4-hour Chart/Close
✅ Status: Bullish
📆 7/5/24
Analysis:
By analyzing the EUR/USD chart on the 4-hour timeframe, we can see that the price managed to rise significantly yesterday. After reaching the supply zone at 1.08175, the price faced a correction and is currently trading around 1.079.
Key Observations:
Significant Rise: Price increased significantly, surpassing 1.080 and reaching all targets.
Overall Return: The analysis yielded a return of 90 pips.
Current Price: After reaching the supply zone at 1.08175, the price corrected and is now trading around 1.079.
Conclusion:
The EUR/USD pair shows strong bullish momentum, with the recent price action hitting key targets and yielding significant returns. The correction from the supply zone suggests potential for further bullish movement, provided the price stabilizes and continues to find support around current levels.
🕓 Time Frame: 4-hour Chart/Close
✅ Status: Bullish
📆 7/5/24
Analysis:
By analyzing the EUR/USD chart on the 4-hour timeframe, we can see that the price managed to rise significantly yesterday. After reaching the supply zone at 1.08175, the price faced a correction and is currently trading around 1.079.
Key Observations:
Significant Rise: Price increased significantly, surpassing 1.080 and reaching all targets.
Overall Return: The analysis yielded a return of 90 pips.
Current Price: After reaching the supply zone at 1.08175, the price corrected and is now trading around 1.079.
Conclusion:
The EUR/USD pair shows strong bullish momentum, with the recent price action hitting key targets and yielding significant returns. The correction from the supply zone suggests potential for further bullish movement, provided the price stabilizes and continues to find support around current levels.
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