EUR/USD: A New Uptrend and Potential Growth Targets
👋Good day, traders!
📈EUR/USD, having completed a three-month downward trend due to the fall of the USD and breaking through the important resistance level of 1.06350, has created conditions for growth and the formation of a new upward trend towards the target levels of 1.07550, 1.08600, 1.10000, and 1.10800. However, the trade is considered risky until the body of the daily candle breaks through the expanding triangle or the level of 1.07000. I recommend considering purchases from the aggressive level of 1.06700 and the conservative level of 1.07400-1.07500, expecting a potential profit in the range of 0.75% to 3.8%, SL ~1.05500.
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DISCLAIMER:
This idea is not a trading recommendation and is for informational and educational purposes only. Traders analyze and make decisions on the use of this information independently.
📈EUR/USD, having completed a three-month downward trend due to the fall of the USD and breaking through the important resistance level of 1.06350, has created conditions for growth and the formation of a new upward trend towards the target levels of 1.07550, 1.08600, 1.10000, and 1.10800. However, the trade is considered risky until the body of the daily candle breaks through the expanding triangle or the level of 1.07000. I recommend considering purchases from the aggressive level of 1.06700 and the conservative level of 1.07400-1.07500, expecting a potential profit in the range of 0.75% to 3.8%, SL ~1.05500.
✅Give a 👍 if you want more interesting and profitable trading ideas❗️
❓I will be glad to see your comments. What do you think about this?
DISCLAIMER:
This idea is not a trading recommendation and is for informational and educational purposes only. Traders analyze and make decisions on the use of this information independently.
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.