The price of the EURUSD has risen above support levels creating support zones in the process before reaching the 1.13400 level, a level which it previously visited numerous times.
The amount of time it revisited the 1.13400 area suggests that the trend is indecisive and stuck in a range.
With the current candle, the price seems it will fall but there is a support line that has been building strength in its history levels to suggest that bearish sentiment is not ideal.
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Khiwe
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or completeness in the form of any content; it is not to advise on financial markets. Please apply your own analysis and confirm it with price action.
The amount of time it revisited the 1.13400 area suggests that the trend is indecisive and stuck in a range.
With the current candle, the price seems it will fall but there is a support line that has been building strength in its history levels to suggest that bearish sentiment is not ideal.
.
Khiwe
On this profile page, the shared analysis, ideas, and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or completeness in the form of any content; it is not to advise on financial markets. Please apply your own analysis and confirm it with price action.
Trade closed: target reached