Hello Traders! đź‘‹
What are your thoughts on EURUSD?
EURUSD extended its rally and touched the upper boundary of the ascending channel.
After reaching this resistance area, price has started a pullback, which appears to be a healthy correction within the broader bullish structure.
Price is now expected to retrace toward the channel support, which overlaps with a strong demand zone and key Fibonacci levels (0.382–0.5).
This confluence area increases the probability of bullish reactions.
As long as the structure remains intact, a rebound from this support zone could trigger the next upward leg, targeting higher highs inside the channel.
Don’t forget to like and share your thoughts in the comments! ❤️
What are your thoughts on EURUSD?
EURUSD extended its rally and touched the upper boundary of the ascending channel.
After reaching this resistance area, price has started a pullback, which appears to be a healthy correction within the broader bullish structure.
Price is now expected to retrace toward the channel support, which overlaps with a strong demand zone and key Fibonacci levels (0.382–0.5).
This confluence area increases the probability of bullish reactions.
As long as the structure remains intact, a rebound from this support zone could trigger the next upward leg, targeting higher highs inside the channel.
Don’t forget to like and share your thoughts in the comments! ❤️
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t.me/+1gFAIO4CJJw3NTU0
âś… MY INSTAGRAM :
instagram.com/marketanalaysis
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.
âś…MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
âś… MY INSTAGRAM :
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
âś… MY INSTAGRAM :
instagram.com/marketanalaysis
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.