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EUR/USD Potential Upward Movement

EUR/USD Long-Term Trend: Bullish

Key Resistance Levels: 1.09558, 1.09857, 1.10335

Key Support Levels: 1.09063, 1.08109, 1.07500

4-Hour Chart:

The price on the higher time frame has been in an uptrend recently after it tested a support level of 1.06690 and bounced back. The pair has successfully broken a few levels which suggests further trend continuation.

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 1.07500 and 1.08109 and has sustained above that. As of now the pair has broken and retested a minor level of 1.09063 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 1.09288

TP @ 1.09536

Stop Loss @ 1.09039

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.


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