EUR/USD is currently consolidating within a symmetrical triangle, indicating potential for a strong breakout. Price action has tightened, and a decisive move is expected soon.
• Bullish Scenario: A breakout above the triangle resistance could trigger a move toward the key resistance zone at 1.15183.
• Bearish Scenario: A breakdown below the triangle support may lead to a decline toward the green demand zone between 1.12500–1.13000.
Key Levels:
• Resistance: 1.15183
• Support: 1.12500–1.13000 (Demand Zone)
• Deeper Support: 1.11321
Upcoming economic events (EUR and USD news) may increase volatility — wait for confirmation before entering trades. Watch for volume spikes and strong candlestick patterns to confirm the breakout direction.
Trade Idea:
• Buy on bullish breakout retest
• Sell on bearish breakdown retest
Disclaimer: This is not financial advice. Always manage risk accordingly.
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.