EUR/USD Technical Analysis & Trade Setup
The EUR/USD on the 4-hour chart shows a clear retracement to the 0.75 Fibonacci level, which aligns with the 1.08466 price point, indicating potential support.
Entry & Exit:
The planned entry point leverages the Fibonacci retracement and recent price action, suggesting a rebound is on the horizon. The exit strategy incorporates the previous swing high near 1.09812, providing an attractive risk-reward ratio.
Trade Rational:
The pair has shown resilience around the 1.08017 level, forming a base for our anticipated bullish push. Combined with the daily chart's structure, where a supportive trendline and higher lows indicate an uptrend continuation, the 4-hour chart adds precision to this bias.
Remember to manage risk accordingly and keep an eye out for any fundamental shifts that could impact volatility.
Entry & Exit:
The planned entry point leverages the Fibonacci retracement and recent price action, suggesting a rebound is on the horizon. The exit strategy incorporates the previous swing high near 1.09812, providing an attractive risk-reward ratio.
Trade Rational:
The pair has shown resilience around the 1.08017 level, forming a base for our anticipated bullish push. Combined with the daily chart's structure, where a supportive trendline and higher lows indicate an uptrend continuation, the 4-hour chart adds precision to this bias.
Remember to manage risk accordingly and keep an eye out for any fundamental shifts that could impact volatility.
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.