Euro / U.S. DollarShort
CPI EURUSD Outlook
EUR/USD Price Action Update (H4)
📈 Current Price: The pair is currently testing a key resistance level around 1.2210.
🔝 Bullish Scenario:
- A break above 1.2210, followed by a solid close, could push the pair towards the next resistance level around 1.2300.
🔻 Bearish Scenario:
- If the price fails to break above 1.2210 and faces rejection, we could see a potential pullback toward 1.2100, a solid support zone.
🔮 Market Outlook:
- Watch for a confirmation of bullish momentum if the price breaks 1.2210 and heads toward 1.2300.
- A rejection at this resistance could lead to a pullback to 1.2100.
#EURUSD #Forex #PriceAction #TechnicalAnalysis #MarketUpdate
📈 Current Price: The pair is currently testing a key resistance level around 1.2210.
🔝 Bullish Scenario:
- A break above 1.2210, followed by a solid close, could push the pair towards the next resistance level around 1.2300.
🔻 Bearish Scenario:
- If the price fails to break above 1.2210 and faces rejection, we could see a potential pullback toward 1.2100, a solid support zone.
🔮 Market Outlook:
- Watch for a confirmation of bullish momentum if the price breaks 1.2210 and heads toward 1.2300.
- A rejection at this resistance could lead to a pullback to 1.2100.
#EURUSD #Forex #PriceAction #TechnicalAnalysis #MarketUpdate
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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.