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EUR/USD Potential Upward Movement

EUR/USD Long-Term Trend: Bullish

Key Resistance Levels: 1.10756, 1.11178, 1.11359

Key Support Levels: 1.10291, 1.10008, 1.09613

Daily Chart:

The price on the higher time frame has recently been in an uptrend after it tested a major support level of 1.05234 and bounced back. 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 broke a consolidation zone of 1.09613 and 1.10008 and has sustained above that. As of now the pair has broken and retested a minor level of 1.10291 before continuing the momentum. 

Signal Idea:

Buy Limit Order @ 1.10323

TP @ 1.10708

Stop Loss @ 1.09939

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.

2 comments

  1. I already caught this move 😀 how about a tp @1.1155🤑

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