Breaking News

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 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!

Free Robot!