This is a TradingView chart of the EUR/USD currency pair on the 1-hour timeframe. The chart shows price action with candlestick patterns and technical analysis annotations.
Key elements in the image:
1. Support and Resistance Zones (Purple Rectangles):
A lower support zone around the 1.07800 level.
An upper resistance zone around the 1.08700 - 1.08800 level.
2. Price Movements (Blue Lines):
The chart shows past price movements marked with blue zigzag lines, indicating a pattern of highs and lows.
A projected price movement suggests a potential dip towards the support zone before a strong upward move towards resistance.
3. Economic Event Indicators (U.S. Flags):
These indicate upcoming U.S. economic events that may impact the EUR/USD pair.
4. Current Price:
EUR/USD is at 1.08300, with a small decrease of -0.04%.
Potential Trade Setup (Based on the
Key elements in the image:
1. Support and Resistance Zones (Purple Rectangles):
A lower support zone around the 1.07800 level.
An upper resistance zone around the 1.08700 - 1.08800 level.
2. Price Movements (Blue Lines):
The chart shows past price movements marked with blue zigzag lines, indicating a pattern of highs and lows.
A projected price movement suggests a potential dip towards the support zone before a strong upward move towards resistance.
3. Economic Event Indicators (U.S. Flags):
These indicate upcoming U.S. economic events that may impact the EUR/USD pair.
4. Current Price:
EUR/USD is at 1.08300, with a small decrease of -0.04%.
Potential Trade Setup (Based on the
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.