🛠 Technical Analysis: On the 4-hour timeframe, EURUSD has confirmed a "Global bullish signal" (SMA 50 crossing above SMA 200), following a breakout from a steeper descending channel. The pair has found solid footing at the immediate support zone around 1.1640 and is projected to rally towards the overhead resistance at 1.17386. The technical structure suggests a continuation of the upward momentum, driven by the moving average crossover and stabilizing price action above key levels.
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❗️Trade Parameters (BUY)
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➡️ Entry Point: Buy approx. at 1.1640 – 1.1660
🎯 Take Profit: 1.17386 – 1.1750 (Resistance)
🔴 Stop Loss: Below the local consolidation structure (approx. 1.1610)
⚠️ Disclaimer: This is a potential trade idea based on current analysis; market conditions and price direction are subject to change based on news factors and volatility.
———————————————
❗️Trade Parameters (BUY)
———————————————
➡️ Entry Point: Buy approx. at 1.1640 – 1.1660
🎯 Take Profit: 1.17386 – 1.1750 (Resistance)
🔴 Stop Loss: Below the local consolidation structure (approx. 1.1610)
⚠️ Disclaimer: This is a potential trade idea based on current analysis; market conditions and price direction are subject to change based on news factors and volatility.
Заметка
🌍 Fundamental Analysis: The Euro is gaining traction against the US Dollar as market participants position themselves for the Federal Reserve's interest rate decision. Investors are anticipating a dovish outcome or a potential rate cut, which is weighing on the Greenback and fueling a "risk-on" move in major pairs. This expectation of narrowing interest rate differentials is providing the fundamental catalyst for the pair to "shoot up" as noted on the chart, targeting liquidity above the 1.1700 handle.Сделка закрыта вручную
⚠️ Public market view only. Not financial advice. DYOR and manage your own risk.
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⚠️ Public market view only. Not financial advice. DYOR and manage your own risk.
Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.