**EUR/USD (1-Hour Chart) Analysis
📍 **Current Price:**
- **EUR/USD:** 1.09484
- **Price Action:** Trading slightly higher (+0.13%) and nearing the apex of a symmetrical triangle pattern.
**Technical Overview:**
🔺 **Chart Pattern: Triangle**
- **Type:** Symmetrical Triangle (Consolidation)
- **Implication:** Price is coiling up and preparing for a breakout. The direction (up/down) will be confirmed by a break above or below the triangle trendlines.
📊 **Key Moving Averages:**
- **EMA 7 (short-term):** 1.09400
- **EMA 21 (medium-term):** 1.09447
- **EMA 50 (long-term):** 1.09540
➡️ Price is currently trading **around all three EMAs**, showing indecision and consolidation within the triangle.
**Volume:**
- Moderate volume recently, with some increase on larger price candles.
- Volume spike expected on breakout confirmation.
**Levels to Watch:**
- **Resistance:** 1.0960 (triangle upper boundary & above EMA50)
- **Support:** 1.0925–1.0930 (triangle lower boundary)
**Scenarios:**
✅ **Bullish Breakout:**
- Break above triangle & EMA50 (1.0954)
- Target: 1.1000+ (psychological resistance)
- Trigger: USD weakness or positive Eurozone data
❌ **Bearish Breakdown:**
- Break below triangle support (1.0925 area)
- Target: 1.0880–1.0850
- Trigger: Strong USD or weak Eurozone sentiment
https://www.tradingview.com/x/18doHGjp/
**Summary:**
EUR/USD is consolidating inside a triangle on the 1H chart, with price hovering around key EMAs. A breakout is likely imminent — direction depends on fundamental drivers like US data releases and overall USD sentiment. Watch closely for a decisive move outside the triangle with volume confirmation.
📍 **Current Price:**
- **EUR/USD:** 1.09484
- **Price Action:** Trading slightly higher (+0.13%) and nearing the apex of a symmetrical triangle pattern.
**Technical Overview:**
🔺 **Chart Pattern: Triangle**
- **Type:** Symmetrical Triangle (Consolidation)
- **Implication:** Price is coiling up and preparing for a breakout. The direction (up/down) will be confirmed by a break above or below the triangle trendlines.
📊 **Key Moving Averages:**
- **EMA 7 (short-term):** 1.09400
- **EMA 21 (medium-term):** 1.09447
- **EMA 50 (long-term):** 1.09540
➡️ Price is currently trading **around all three EMAs**, showing indecision and consolidation within the triangle.
**Volume:**
- Moderate volume recently, with some increase on larger price candles.
- Volume spike expected on breakout confirmation.
**Levels to Watch:**
- **Resistance:** 1.0960 (triangle upper boundary & above EMA50)
- **Support:** 1.0925–1.0930 (triangle lower boundary)
**Scenarios:**
✅ **Bullish Breakout:**
- Break above triangle & EMA50 (1.0954)
- Target: 1.1000+ (psychological resistance)
- Trigger: USD weakness or positive Eurozone data
❌ **Bearish Breakdown:**
- Break below triangle support (1.0925 area)
- Target: 1.0880–1.0850
- Trigger: Strong USD or weak Eurozone sentiment
https://www.tradingview.com/x/18doHGjp/
**Summary:**
EUR/USD is consolidating inside a triangle on the 1H chart, with price hovering around key EMAs. A breakout is likely imminent — direction depends on fundamental drivers like US data releases and overall USD sentiment. Watch closely for a decisive move outside the triangle with volume confirmation.
Trade active
🔥 **EUR/USD Buy Trade Update** 🔥- **Entry:** 1.09500
- **Target Reached:** 1.10900
- ✅ **Massive Profit Secured** – over **140+ pips**
- **Trade Status:** **Closed – All targets hit**
- 🧾 **Outcome:** Clean breakout, smooth ride up, profits locked in.
Well played! Another solid win in the books. Ready to scan for the next opportunity 👀📊
Trade closed: target reached
close all trades
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.