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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 🙂

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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