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YourLazyTrader
Apr 24, 2023 6:18 AM

EURUSD uptrend intact, when can you sell? 

Euro Fx/U.S. DollarFXCM

Description

EUR/USD uptrend is still intact. However, the rally is showing signs of exhaustion.
The uptrend line is unbroken and so it indicates that price can continue to go up.
I would recommend you to keep an eye on the 1.0925 level as this area is a key level.
It is the confluence of the dynamic support as well as the uptrend line.

If price falls below this 1.0925 level with a big bearish candle, we can consider sell entries.
However, if price doesn't fall below this level and bullish price action takes place, consider
long entries with 1.11 as the target
Comments
UnknownUnicorn15614419
nice analysis
Solldy
Thank you for the detailed analysis of potential asset movements, it was very helpful. It’s very interesting to observe your reasoning on technical analysis.
WalterMoon
Very nice analysis, good job done!
ProjectSyndicate
bulls maintain control, most dips get scooped up fast
meeraelavarasan06
nice
LegionQ8
Very Interesting... Thank's for your efforts
KlejdiCuni
I am watching for the same price development close to the upper resistance. Thanks
KABHI_FOREX_TRADING
Amazing work
RLinda
I think you got the key elements right. Great perspective on the market)
linofx1
Excellent:)
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