Daily Chart Overview:
The current trend on the daily chart for EUR/USD is distinctly bullish, with the price residing in the oversold region of an established bullish channel.
Upcoming CPI Announcement Impact:
It's crucial to be aware that the forthcoming announcement of the Consumer Price Index (CPI) on Thursday has the potential to influence the prevailing trend and consequently impact our analysis.
Consideration of Stop Hunts:
Keep an eye out for potential stop hunts within the channel, as they could serve as catalysts for activating our analysis.
Buying Zone Identified:
The buying zone is delineated from 1.0800 to 1.0865. This zone represents an area of interest for potential long positions, taking into account the current bullish momentum and the anticipation of any trend shifts post-CPI announcement.
Remember, trading involves inherent risks, and it's essential to adapt your strategy based on real-time market dynamics.
Trade wisely!
The current trend on the daily chart for EUR/USD is distinctly bullish, with the price residing in the oversold region of an established bullish channel.
Upcoming CPI Announcement Impact:
It's crucial to be aware that the forthcoming announcement of the Consumer Price Index (CPI) on Thursday has the potential to influence the prevailing trend and consequently impact our analysis.
Consideration of Stop Hunts:
Keep an eye out for potential stop hunts within the channel, as they could serve as catalysts for activating our analysis.
Buying Zone Identified:
The buying zone is delineated from 1.0800 to 1.0865. This zone represents an area of interest for potential long positions, taking into account the current bullish momentum and the anticipation of any trend shifts post-CPI announcement.
Remember, trading involves inherent risks, and it's essential to adapt your strategy based on real-time market dynamics.
Trade wisely!
Trade active:
Comment:
A new channel is formed or channel will work??
Comment:
take the middle of new possible bearish channel under consideration
Trade closed manually:
Close in reaction to the middle of the bearish channel!