EURUSD, High Volatellity In Range, Tagrets Ahead When Confirmed!

Hello, Traders Investors And Community, welcome to this analysis about the current structure and price-action we can watch in EURUSD, there are some interesting signs which I discoffered in my obersavtion which makes it clean that EURUSD will determine its targets when confirmed. Currently, we see high volatellity which can be an indication for a breakout sooner or later, we are looking at the locally time-frame.

As you can see in my chart marked with the blue trend-lines EURUSD is building a massive triangle here between the 1.06 and 1.11 price-level, there were some good trading opportunityes when trades took advantage of the overall up and down-swings in the range. The last time we saw a high voaltile bullish move to the upside after bunncing at the lower boundary of the triangle, such volatellity is often a reasoned sign for a possible break to the upside when EURUSD manages to hold the volatellity till the overall triangle is confirmed.

Currently we have still resistance above which has to be taken out for the proper breakout and arctivation of the targets you can see in my chart, the resistance consists of the 400 and 600-EMA you can see in my chart marked in blue and orange and also the higher boundary of the tirangle which is signaling an significant point of resistance here, therefore it is within the high likelihood spectrum that we see a pull-back to the lower boundary of the triangle like marked in my chart before we move up and finally confirm it.

The overall formation and possible breakout can be traded conservative or aggressive, the aggressive approach will be after the price confirmed at the lower boundary and the conservative approach after the confirmation of the triangle, traders should decide which one to take when considering the individual risk preferences, in this case the aggressive approach offers a good risk reward when stop-loss is placed below the 1.076 level this will provide a tight stop with huge profit-potential in the upside to come.

Alright, thanks to everybody for watching, support for more market insight, and all the best!
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In this manner: FAREWELL

Information provided is only educational and should not be used to take action in the markets.

Comment:

ANALYSIS UPDATE: EURUSD completed the triangle breakout in the schedule.

EURUSD after completing the triangle breakout reached all of the target zones.