EUR/USD Potential Upward Movement

EUR/USD Long-Term Trend: Bullish

Key Resistance Levels: 1.08951, 1.09305, 1.09602

Key Support Levels: 1.08311, 1.07795, 1.07359

Daily Chart:

The price on the higher time frame has recently reversed the direction after it grabbed liquidity below a support level of 1.06623 The pair has continued to break a few resistance levels which suggests further trend continuation.

EUR/USD Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It recently bounced back from a support level of 1.06595 aggressively. The pair broke a trendline and a  minor level of 1.08311 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 1.08584

TP @ 1.08929

Stop Loss @ 1.08239

Trade Safely 🙂