EUR/USD Long-Term Trend: Bullish
Key Resistance Levels: 1.2150, 1.2240, 1.2300
Key Support Levels: 1.2059, 1.1992, 1.1951
The price on the higher time frame is posting higher highs and lows and managed to break the strong resistance around the 1.2059 USD mark. A lower correction has been posted to this level which is now a support. Further movement to the upside might be seen in the coming hours.
EUR/USD Medium-Term Trend: Bullish
On the lower time frame the pair trading above the resistance with low volatility. A big bullish engulfing candlestick has been posted showing that the bulls are in control of the market. We expect a rally all the way up to our target profit.
Buy Market Order @ 1.2078
TP 1 @ 1.2149
TP 2 @ 1.2240
Stop Loss @ 1.2051
Trade Safely 🙂