The EUR/USD pair is showing strong price action, and a breakout is on the horizon! Patience is keyβwait for a decisive break of the neckline with a strong bullish candle before entering. Once confirmed, we hold for the target levels.
π Technical Analysis
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Trendline Respect β The market is following the trendline structure, indicating a continuation of the trend.
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Breakout Confirmation β Look for a large white (bullish) candle to signal strength.
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EMA 200 β Acting as a key dynamic support/resistance level.
π― Target Levels
π 1.0832 β First target for short-term profits.
π 1.1180 β Final target for extended moves.
π’ Trading Strategy
πΉ Wait for a confirmed breakout above the neckline.
πΉ Ensure strong volume and momentum before entry.
πΉ Hold your position while price respects the trendline.
πΉ Follow risk managementβset stop-loss below the breakout zone.
The market is aligning with the technical setupβstay patient, follow the trend, and capitalize on the move! π
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