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DeGRAM
Apr 18, 2023 8:53 AM

DeGRAM | EURUSD breakout the resistance, pullback continuation Long

Euro Fx/U.S. DollarFXCM

Description

EURUSD is testing resistance where the price previously reacted to it.

The market is trading in an ascending channel. Notice how the price tested and rebounded from the support and Fibonacci retracement levels.

Price action printed a big bullish candle, an indication of strength and a probable breakout.

We expect a breakout pullback and continuation.


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Comments
TheSignalyst
I remember you previous analysis too. that was on point ;) well done mate
DAY_PROFITS
Good analysis.
FOREXN1
Yeah same view here. thanks
DeGRAM
Good luck in the markets and have a great one!
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