EUR/USD Potential Upward Movement

EUR/USD Long-Term Trend: Bullish

Key Resistance Levels: 1.0940, 1.0961, 1.0997

Key Support Levels: 1.0887, 1.0847, 1.0806

4-Hour Chart:

The price on the higher time frame has been in an uptrend for some time. It broke a level of 1.0708 with good momentum and has continued the momentum. It tested another level of 1.0889 and bouncing back which suggests bullish bias.

EUR/USD Medium-Term Trend: Bullish

30-Minute Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a consolidation zone of 1.0806 and 1.0847 and sustained above that. As of now the pair has broken and retested a minor level of 1.0887 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 1.0906

TP @ 1.0930

Stop Loss @ 1.0882

Trade Safely 🙂