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.
I think there will be a breakout of the resistance at 1.069 and the price will rise to the upper part of the channel. But as long as there is no breakout, we need to watch.
ProjectSyndicate
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always spot on sharp technicals
ArmanShabanTrading
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that's accurate ☺️
JoeChampion
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Good thinking mate!
Setupsfx_
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Same View!! Great Job
basictradingtv
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Great analysis as always!
TheSignalyst
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yes I agree as DXY might dive inside the monthly demand before reversing