EUR/USD Potential Upward Movement

EUR/USD Long-Term Trend: Bullish

Key Resistance Levels: 1.04751, 1.05135, 1.05981

Key Support Levels: 1.03784, 1.03328, 1.02981

Daily Chart:

The price on the higher time frame has recently been in an uptrend. It bounced back after testing a support level of 1.03328 The pair has continued to break a trendline 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 broke a key level of 1.02981 and has sustained above that. As of now the pair has broken and retested a minor level of 1.03784 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 1.04309

TP @ 1.04863

Stop Loss @ 1.03746

Trade Safely 🙂