EUR/USD Correction UP
#trading_idea #EURUSD 💡
💸 Euro Outlook
On the 4H chart, the price is testing the resistance zone at 1.03726. MACD and Parabolic SAR suggest a potential upward movement. However, the pair remains below the 100-period moving average (MA100).
🔼If the price breaks up the resistance at 1.03726, further rise towards 1.0401 is likely.
🔽Alternatively, in case of false breakout, slide towards 1.034 support and lower is possible.
🔷 😎 Choose "👍" if you expect a price will rise and "👎" if you expect a decline.
💸 Euro Outlook
On the 4H chart, the price is testing the resistance zone at 1.03726. MACD and Parabolic SAR suggest a potential upward movement. However, the pair remains below the 100-period moving average (MA100).
🔼If the price breaks up the resistance at 1.03726, further rise towards 1.0401 is likely.
🔽Alternatively, in case of false breakout, slide towards 1.034 support and lower is possible.
🔷 😎 Choose "👍" if you expect a price will rise and "👎" if you expect a decline.
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.
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.