EUR/USD Potential Upward Movement

EUR/USD Long-Term Trend: Bullish

Key Resistance Levels: 1.15244, 1.16820, 1.18677.

Key Support Levels: 1.12686, 1.11845, 1.09859.

Daily Time Frame:

The price on the higher time frame the market to reverse where the price failed to continue its move to the downside below the 1.12744 USD mark where a huge bullish bodied bar has been posted. This shows that the buyers came back to the market and now they might control the market and push it to the upside.

EUR/USD Medium-Term Trend: Bullish

1-Hr Time Frame:

On the lower time frame, the market succeeded to break the bearish channel to the upside by the help of the double bottom. The price is posting higher highs and lows where we have a seen a correction to the 50% Fibonacci retracement. A slight lower correction could be seen before a new bullish impulsive wave toward the target profits.

Signal Idea:

Buy Limit Order @ 1.12837

TP 1 @ 1.13721

TP 2 @ 1.15244

Stop Loss @ 1.12576

Trade Safely 🙂