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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 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

2 comments

  1. Abeze Kingsley

    You’re giving us a very wrong signals in your VIP. Why???????

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