EUR/USD has shown a strong bullish shift after spending several weeks trading inside a descending channel. Price respected the lower and upper boundaries of this channel for a long time, confirming a controlled bearish-to-neutral structure.
Recently, however, the market broke decisively above the channel, signalling a trend reversal from bearish to bullish after the breakout, price rallied strongly and is now consolidating above the former resistance zone, which has turned into key support around 1.1700–1.1720,
Technically this area is very important because holding above it confirms bullish strength and healthy continuation rather than a false breakout we could see next upper side target 1.18003 to 1.18500
You may find more details in the chart,
Trade wisely best of luck buddies.
Ps; Support with like and comments for better analysis thanks for supporting,.
Recently, however, the market broke decisively above the channel, signalling a trend reversal from bearish to bullish after the breakout, price rallied strongly and is now consolidating above the former resistance zone, which has turned into key support around 1.1700–1.1720,
Technically this area is very important because holding above it confirms bullish strength and healthy continuation rather than a false breakout we could see next upper side target 1.18003 to 1.18500
You may find more details in the chart,
Trade wisely best of luck buddies.
Ps; Support with like and comments for better analysis thanks for supporting,.
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Join My telegram Channel
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t.me/+YSUwNs3MQfE2YWZk
Free Forex Signals
t.me/Jamessignals11
Related publications
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.