EURUSD 1D ANALYSIS
EUR/USD Analysis – 1-Day Time Frame
In the past month, EUR/USD has been strongly bearish, but we’re now seeing signs of a reversal as the price begins to climb. Recently, the pair has broken through a key daily resistance level and is now heading toward the next resistance zone at 1.06040.
Two Potential Entry Models:
Rejection from Resistance:
If the price bounces back from the 1.06040 resistance level, you can look for a possible entry around 1.05200. From this level, the price may regain upward momentum, offering a favorable buy opportunity.
Break and Retest:
If the price successfully breaks through the 1.06050 resistance, wait for it to retest this level as a new support. Once confirmed, you can consider an entry at this zone, aiming for a continuation of the bullish move.
These setups offer strategic opportunities for those trading EUR/USD.
I hope this analysis helps you in your trading decisions. Don’t forget to like and comment for more analysis like this!
In the past month, EUR/USD has been strongly bearish, but we’re now seeing signs of a reversal as the price begins to climb. Recently, the pair has broken through a key daily resistance level and is now heading toward the next resistance zone at 1.06040.
Two Potential Entry Models:
Rejection from Resistance:
If the price bounces back from the 1.06040 resistance level, you can look for a possible entry around 1.05200. From this level, the price may regain upward momentum, offering a favorable buy opportunity.
Break and Retest:
If the price successfully breaks through the 1.06050 resistance, wait for it to retest this level as a new support. Once confirmed, you can consider an entry at this zone, aiming for a continuation of the bullish move.
These setups offer strategic opportunities for those trading EUR/USD.
I hope this analysis helps you in your trading decisions. Don’t forget to like and comment for more analysis like this!
Gurvinder singh
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Gurvinder singh
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.