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AlselvSignals

EURUSD can break through the channel

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Euro / U.S. Dollar (FX:EURUSD)  
AlselvSignals Updated   
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Harmonic Patterns Technical Indicators EURUSD optionsstrategies intradaytrade Forex Technical Analysis signals longsetup
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trendanalysis harmonicpatterns indicator eurusd optionsstrategies intradaytrade forex technicalanalysis signals longsetup
Dear friends, in general, EURUSD continues to show a range-bound movement. Looking at the technical picture of EURUSD on the 4-hour timeframe, we can see that it has formed a flag pattern and is currently facing resistance at the 1.0550 level. Currently, EU is trading around the support zone of 1.052 with a slight recovery. However, in the short term, after rising to the descending trendline, it will likely be quickly rejected. If the current support level is broken, there is a high possibility that EU will not be able to turn around.

What about you? Do you agree with this analysis?
Trade active:
The breakthrough from the flag is gradually proving the continued increasing trend
Comment:
Comment:
The price increase channel is still working well

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