EUR/USD Potential Upward Movement

EUR/USD Long-Term Trend: Bullish

Key Resistance Levels: 1.10023, 1.10412, 1.10623

Key Support Levels: 1.09475, 1.09292, 1.08942

Daily Chart:

The price on the higher time frame has recently been in an uptrend after reversing the direction from the 1.07571  level. The pair has continued to break a 1.08936 resistance level of 1.08936 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 broke a consolidation zone of 1.08562 and 1.08942  and has sustained above that. As of now, the pair has a strong Demand Zone around the 1.09354 area after continuing the momentum.

Signal Idea:

Buy Limit Order @ 1.09503

TP @ 1.09712

Stop Loss @ 1.09294

Trade Safely 🙂