EURUSD respected the support at the higher low and rebounded, holding the upward trendline. Price is currently compressing near the 1.114 zone after a sharp pullback from the resistance. If buyers maintain strength above the trendline, a continuation toward 1.1350 is likely in the coming sessions.📌 Key Levels
- Support: 1.11429
- Intermediate resistance: 1.12384
- Target: 1.13500
⚠️ Risks
- Failure to hold above the trendline may retest 1.114
- Breakdown could expose the pair to 1.07389
- Prolonged consolidation might weaken bullish momentum
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.