Hello traders! EURUSD is currently forming a rather interesting consolidation pattern right below the descending trendline – a level that has rejected price twice in the past.
After a mild pullback from the 1.1382 zone, price has quickly recovered and is now hovering around the EMA34 and EMA89. This is an important confluence area and is acting as short-term support around 1.1263.
If EURUSD continues to hold above this support and forms sideways accumulation, the probability of a trendline breakout will increase. In that case, the next target will likely be the previous high at 1.1382.
U.S. bond yields are fluctuating sharply, and geopolitical tensions – such as trade uncertainty or regional instability – may serve as catalysts that support the euro.
Keep an eye on the breakout zone – if price breaks out decisively, it could be a strong confirmation of a new bullish trend!
After a mild pullback from the 1.1382 zone, price has quickly recovered and is now hovering around the EMA34 and EMA89. This is an important confluence area and is acting as short-term support around 1.1263.
If EURUSD continues to hold above this support and forms sideways accumulation, the probability of a trendline breakout will increase. In that case, the next target will likely be the previous high at 1.1382.
U.S. bond yields are fluctuating sharply, and geopolitical tensions – such as trade uncertainty or regional instability – may serve as catalysts that support the euro.
Keep an eye on the breakout zone – if price breaks out decisively, it could be a strong confirmation of a new bullish trend!
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🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
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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.
Top trading opportunities are waiting for you! : t.me/+aljKUwb-ar1jNDg1
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
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.