This chart highlights a bullish pennant formation in the EUR/USD pair, indicating a potential breakout. The price is consolidating within the pennant, and a breakout above the 1.09000 entry level suggests a move toward the 1.09500 target. The chart also illustrates key resistance and trendline levels, reinforcing the bullish momentum. Traders can watch for confirmation of the breakout to capitalize on this setup. Stay tuned for price action developments
Note: This is not a trading signal, just my personal analysis based on current market trends.
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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.