The EURUSD broke and closed above an important daily support level.
Following the breakout, the price retested the previously broken level and began to consolidate, creating a tight trading range.
A bullish breakout from this range serves as a strong confirmation of a bullish trend for the day, increasing the likelihood that the breakout is legitimate.
It is anticipated that there will be an increase in price, potentially reaching at least 1.0439.
Following the breakout, the price retested the previously broken level and began to consolidate, creating a tight trading range.
A bullish breakout from this range serves as a strong confirmation of a bullish trend for the day, increasing the likelihood that the breakout is legitimate.
It is anticipated that there will be an increase in price, potentially reaching at least 1.0439.
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Join our Telegram channel for daily market update 👇👇
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For paid signal👇👇 t.me/linofx1999
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.