Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
The price action of price reversed its course after breaking out from a previous falling channel formation.
Since then, the asset has been trading within the clear boundaries of a well-defined rising channel.
The price has made several rotations within this structure, consistently finding support near the lower trendline.
Most recently, the pair successfully tested the horizontal support area around $11600, which aligns with the channel's support.
A clear upward bounce occurred from this confluence of support, and the price is currently consolidating from that move.
I expect that after a minor pullback to re-test support, the price will continue its ascent within the channel structure towards the $11935 level.
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Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
The price action of price reversed its course after breaking out from a previous falling channel formation.
Since then, the asset has been trading within the clear boundaries of a well-defined rising channel.
The price has made several rotations within this structure, consistently finding support near the lower trendline.
Most recently, the pair successfully tested the horizontal support area around $11600, which aligns with the channel's support.
A clear upward bounce occurred from this confluence of support, and the price is currently consolidating from that move.
I expect that after a minor pullback to re-test support, the price will continue its ascent within the channel structure towards the $11935 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Trade active
Good, price declined a little, now I expect that Euro will bounce from support line and continue to grow in channel.
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🔶 Free telegram channel👉 bit.ly/4fKXOY0
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
💎 ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 bit.ly/4ibtiIs
💎 ThinkMarkets Ambassador Join & explore bit.ly/4j6sALJ
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.