Get started
ProTradersGlobal

Buy opportunity on EURUSD

Long
Euro / U.S. Dollar (FX:EURUSD)  
ProTradersGlobal  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis EURUSD eurusdlong Technical Analysis
3
0
trendanalysis chartpattern beyondta eurusd eurusdlong technicalanalysis
Price has been in an uptrend indicated by the higher lows and higher highs on the 4hr TF.

Price has broken through 4hr resistance zone.

We can now see price retesting its previous resistance zone, which is now our support.

Price has rejected off support with an engulfing candle.

EURUSD is likely to trade higher into the daily highs at 1.23200.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.