"EUR/USD pair analysis and forecast update on the 1-hour time frame, based on the following:
1. Key points:
Support Area: 1.12800, acting as a lower limit and potential buying opportunity.
Resistance Area: 1.15300, acting as an upper limit and potential selling opportunity.
Liquidity (LQD): 1.13500, facilitating quick trade execution.
2. Trend Analysis:
Downtrend Pattern: Characterized by higher lows and lower highs.
3. Trade Setup:
- Bullish Entry Levels:
First layer: 1.13500
Second layer: 1.12900
- Targets:
First target: 1.14000
Second target: 1.14800
Third target: 1.15450
Stop Loss: 1.12572
Summary:
The EUR/USD pair is a bullish target due to its potential reversal from support and liquidity levels. With a well-defined trade setup, traders can capitalize on the expected upward movement."
"Here's my analysis. What are your thoughts? Share your comments below!"
1. Key points:
Support Area: 1.12800, acting as a lower limit and potential buying opportunity.
Resistance Area: 1.15300, acting as an upper limit and potential selling opportunity.
Liquidity (LQD): 1.13500, facilitating quick trade execution.
2. Trend Analysis:
Downtrend Pattern: Characterized by higher lows and lower highs.
3. Trade Setup:
- Bullish Entry Levels:
First layer: 1.13500
Second layer: 1.12900
- Targets:
First target: 1.14000
Second target: 1.14800
Third target: 1.15450
Stop Loss: 1.12572
Summary:
The EUR/USD pair is a bullish target due to its potential reversal from support and liquidity levels. With a well-defined trade setup, traders can capitalize on the expected upward movement."
"Here's my analysis. What are your thoughts? Share your comments below!"
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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.