RLinda

RLinda ! EURUSD -> Strong consolidation. When is the breakout?

Long
FX:EURUSD   Euro / U.S. Dollar
Hello friends, let's get to work!
The EURUSD chart is showing strength and most likely preparing to break through resistance 1.0695. When will this happen?


The level of 1.0695. The price has been consolidating near it since late 2022 with quite a strong accumulation. The price is not falling but continues to press from below, the bulls are strengthening their positions. Possible potential in case of breakdown - growth of 2% (to the level of 1.09200)

I assume that the price will trade between the resistance 1.0695 and the support of the ascending channel for some time. But after that the price may test the breakdown resistance level. The short-term target is resistance at 1.0764. Medium-term target is the liquidity area at 1.09221.

Regards, R.Linda!

🌹TRADING is a CASINO💔!?

NO‼️

You❗️CAN and ❗️SHOULD make money in trading!

Join me, I'll guide you to PROFITABLE TRADING💵!

🟢Free Telegram Channel:
t.me/RLindaTrade

🔴Contact:
t.me/RLindaSignals

🧿Web: rlinda.com
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.