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 🙂