EURUSD LONG
EUR/USD Trade Setup
Chart Type: 1-hour chart
Instrument: EUR/USD
Current Price: 1.08813
Technical Patterns:
Ascending Channel: The price moves within an ascending channel, with higher highs and higher lows indicating a bullish trend.
Key Support: The lower boundary of the ascending channel, currently around 1.08709, acts as immediate support.
Target Level: The upper boundary of the projection zone, around 1.09989, is a potential target if the bullish trend continues.
Interpretation: The price is currently near the lower boundary of the ascending channel, providing a potential buying opportunity. If the support at 1.08709 holds, there is a strong chance for the price to increase towards the target at 1.09989. Traders should watch for a breakout above recent highs for confirmation of continued upward momentum.
Chart Type: 1-hour chart
Instrument: EUR/USD
Current Price: 1.08813
Technical Patterns:
Ascending Channel: The price moves within an ascending channel, with higher highs and higher lows indicating a bullish trend.
Key Support: The lower boundary of the ascending channel, currently around 1.08709, acts as immediate support.
Target Level: The upper boundary of the projection zone, around 1.09989, is a potential target if the bullish trend continues.
Interpretation: The price is currently near the lower boundary of the ascending channel, providing a potential buying opportunity. If the support at 1.08709 holds, there is a strong chance for the price to increase towards the target at 1.09989. Traders should watch for a breakout above recent highs for confirmation of continued upward momentum.
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.
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.