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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 🙂

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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