Triangle Pattern Formation.
8 August 2024 - Positive Data from Unemployment Claims = USD Gained.
As a result, EURUSD price action tested Fib between 50%-61.8% and rebounded above 1.0900.
Overall Trend is Bullish as Price is above EMA 50, 100 and 200. MACD > 0, RSI > 50.
Scenario 1 (Long) : Price Break Above 1.9340, TP: 1.1100 , SL: 1.0885
Scenario 2 (Short) : Price Break Below 1.8890, TP: 1.0800 , SL: 1.0935
8 August 2024 - Positive Data from Unemployment Claims = USD Gained.
As a result, EURUSD price action tested Fib between 50%-61.8% and rebounded above 1.0900.
Overall Trend is Bullish as Price is above EMA 50, 100 and 200. MACD > 0, RSI > 50.
Scenario 1 (Long) : Price Break Above 1.9340, TP: 1.1100 , SL: 1.0885
Scenario 2 (Short) : Price Break Below 1.8890, TP: 1.0800 , SL: 1.0935
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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.