EURUSD price action shows signs of a possible uptrend continuation, especially after breaking the local trendline resistance, as highlighted in today’s chart. The formation of a double bottom pattern and bullish candlestick structure suggests building momentum on the upside.
🔼 Bullish Scenario:
A confirmed breakout above 1.17500 would confirm the bullish trend, opening the way towards 1.18005 and 1.18500
🔽 Bearish Scenario:
If price fails to sustain and closes below 1.17200 on the 2H timeframe, then a bearish move could extend towards 1.16000 (key support level)
📊 Technical Summary:
Key Resistance: 1.18005 / 1.18500
Key Support: 1.16500 / 1.16000
If you like this idea if you have on Opinion about this analysis share in comments.
🔼 Bullish Scenario:
A confirmed breakout above 1.17500 would confirm the bullish trend, opening the way towards 1.18005 and 1.18500
🔽 Bearish Scenario:
If price fails to sustain and closes below 1.17200 on the 2H timeframe, then a bearish move could extend towards 1.16000 (key support level)
📊 Technical Summary:
Key Resistance: 1.18005 / 1.18500
Key Support: 1.16500 / 1.16000
If you like this idea if you have on Opinion about this analysis share in comments.
✅My Free Signals
t.me/addlist/UkeZgBhHMpowODA0
✅Join my Telegram Channel
t.me/Trade_With_Kb1
t.me/addlist/UkeZgBhHMpowODA0
✅Join my Telegram Channel
t.me/Trade_With_Kb1
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.
✅My Free Signals
t.me/addlist/UkeZgBhHMpowODA0
✅Join my Telegram Channel
t.me/Trade_With_Kb1
t.me/addlist/UkeZgBhHMpowODA0
✅Join my Telegram Channel
t.me/Trade_With_Kb1
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.