Hello all dear traders!
EURUSD is trading within a clear bullish channel, with price action consistently respecting both the upper and lower boundaries. The recent bullish momentum shows that buyers are in control, suggesting further upside.
The price recently broke above a key resistance zone and is now coming back to retest it. If this level holds as support, it will consolidate the bullish structure and increase the likelihood of a move towards the 1.18000 target, which is in line with the upper boundary of the channel.
As long as the price remains above this support zone, the bullish outlook remains intact. However, a failure to hold this level could invalidate the bullish scenario and increase the likelihood of a deeper pullback.
Remember, always validate your setups and use appropriate risk management.
EURUSD is trading within a clear bullish channel, with price action consistently respecting both the upper and lower boundaries. The recent bullish momentum shows that buyers are in control, suggesting further upside.
The price recently broke above a key resistance zone and is now coming back to retest it. If this level holds as support, it will consolidate the bullish structure and increase the likelihood of a move towards the 1.18000 target, which is in line with the upper boundary of the channel.
As long as the price remains above this support zone, the bullish outlook remains intact. However, a failure to hold this level could invalidate the bullish scenario and increase the likelihood of a deeper pullback.
Remember, always validate your setups and use appropriate risk management.
Trade closed: target reached
Good moving price
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💹 Sharing premium signals & smart market insights daily
🚀 7–10 accurate signals/day (Gold, Forex, BTC)
📊 Technical analysis with a personal edge
✅ Join my free signal group: t.me/+E4ZNW3ZeXiQ1Y2M9
🚀 7–10 accurate signals/day (Gold, Forex, BTC)
📊 Technical analysis with a personal edge
✅ Join my free signal group: t.me/+E4ZNW3ZeXiQ1Y2M9
Related publications
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.