🔹 Overview:
EUR/USD remains in an ascending channel and is currently near the support zone. A bullish move is anticipated toward the 1.12150 - 1.12382 resistance zone, aligning with the overall trend.
🔹 Technical Analysis:
✅ Support Zone: Holding at 1.07916, acting as a key demand area.
✅ Ascending Channel: Price structure remains bullish, with higher highs and higher lows.
✅ Target: Resistance around 1.12382 aligns with a possible breakout.
🔹 Trade Idea:
📌 Long Entry: Around the support zone if bullish confirmation appears.
📌 Target: 1.12150 - 1.12382 resistance zone.
📌 Invalidation: Break below 1.07916 could shift momentum bearish.
📊 Sentiment: Bullish bias, waiting for confirmation.
📢 Will EUR/USD hit the target? Let’s discuss! 👇
EUR/USD remains in an ascending channel and is currently near the support zone. A bullish move is anticipated toward the 1.12150 - 1.12382 resistance zone, aligning with the overall trend.
🔹 Technical Analysis:
✅ Support Zone: Holding at 1.07916, acting as a key demand area.
✅ Ascending Channel: Price structure remains bullish, with higher highs and higher lows.
✅ Target: Resistance around 1.12382 aligns with a possible breakout.
🔹 Trade Idea:
📌 Long Entry: Around the support zone if bullish confirmation appears.
📌 Target: 1.12150 - 1.12382 resistance zone.
📌 Invalidation: Break below 1.07916 could shift momentum bearish.
📊 Sentiment: Bullish bias, waiting for confirmation.
📢 Will EUR/USD hit the target? Let’s discuss! 👇
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.