EUR/USD Potential Upward Movement

EUR/USD Long-Term Trend: Bullish

Key Resistance Levels: 1.2228, 1.2254, 1.2300

Key Support Levels: 1.2172, 1.2134, 1.2100

Daily Chart:

The price on the daily time frame is trending to the upside where it entered inside a bullish flag formation. This is a continuation pattern where the price will move upward again in the same direction of the main trend once it broke and close above it.

EUR/USD Medium-Term Trend: Bullish

1-hour Chart:

On the 1-hour time frame, the price found buyers around the 61.80% Fibonacci retracement level which led to a breakout of the bullish flag to the upside. We are expecting a lower correction toward the highlighted zone before the rally toward the target profit.

Signal Idea:

Buy Limit Order @ 1.2187

TP 1 @ 1.2208

TP 2 @ 1.2228

Stop Loss @ 1.2177

Trade Safely 🙂