EURUSD, US CPI data will publish tomorrow, what will next?
Hi All!
EUR/USD: Possible Corrective Zigzag and Growth Prospects
On the hourly chart of EUR/USD, a possible corrective ABC zigzag may have formed between February 5 and 7. Currently, the price is holding above 1.029, with bulls defending this key support level.
📈 If the price continues to rise and re-enters the parallel channel, we expect further euro strength with targets at 1.044 – 1.06
EUR/USD: Possible Corrective Zigzag and Growth Prospects
On the hourly chart of EUR/USD, a possible corrective ABC zigzag may have formed between February 5 and 7. Currently, the price is holding above 1.029, with bulls defending this key support level.
📈 If the price continues to rise and re-enters the parallel channel, we expect further euro strength with targets at 1.044 – 1.06
Trade closed: target reached
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.
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.