Current Price:
1.13268, with a slight gain of +0.24%
Trade Setup:
Target (Take Profit): ~1.14655 to 1.14950 area
Stop Loss: ~1.11080 to 1.10642
Entry Zone: Around the current price (1.13268)
Risk-Reward Ratio: Favorable (green-to-red area suggests potential upside outweighs risk)
Technical Indicators:
Multiple Moving Averages:
Blue and red bands likely represent short, medium, and long-term EMAs/SMAs
Price currently hovering near mid-range blue lines, indicating indecision or consolidation
RSI (Top-Right Corner):
Shows relative strength index; hovering near neutral zone, suggesting no extreme overbought/oversold conditions
Support & Resistance Zones:
Thick green horizontal bars near 1.13347–1.13561 (resistance)
Red horizontal zones below ~1.10642 indicating strong demand or stop-loss liquidity areas
Market Structure:
A strong uptrend from early February through March
Price now sideways or consolidating below resistance (1.13347)
Bullish continuation possible if it breaks above current resistance zone
🎯 Summary:
This chart suggests a bullish trade setup on EUR/USD, entering near current price with the goal of breaking through resistance at 1.135 and pushing toward 1.146–1.149. The stop-loss zone is set below 1.11, reflecting protection against downside.
1.13268, with a slight gain of +0.24%
Trade Setup:
Target (Take Profit): ~1.14655 to 1.14950 area
Stop Loss: ~1.11080 to 1.10642
Entry Zone: Around the current price (1.13268)
Risk-Reward Ratio: Favorable (green-to-red area suggests potential upside outweighs risk)
Technical Indicators:
Multiple Moving Averages:
Blue and red bands likely represent short, medium, and long-term EMAs/SMAs
Price currently hovering near mid-range blue lines, indicating indecision or consolidation
RSI (Top-Right Corner):
Shows relative strength index; hovering near neutral zone, suggesting no extreme overbought/oversold conditions
Support & Resistance Zones:
Thick green horizontal bars near 1.13347–1.13561 (resistance)
Red horizontal zones below ~1.10642 indicating strong demand or stop-loss liquidity areas
Market Structure:
A strong uptrend from early February through March
Price now sideways or consolidating below resistance (1.13347)
Bullish continuation possible if it breaks above current resistance zone
🎯 Summary:
This chart suggests a bullish trade setup on EUR/USD, entering near current price with the goal of breaking through resistance at 1.135 and pushing toward 1.146–1.149. The stop-loss zone is set below 1.11, reflecting protection against downside.
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.