This chart analysis suggests that EUR/USD is in a short-term bullish phase. The trader anticipates a retracement toward the 1.136x level, followed by a bounce targeting a breakout above 1.1410 and a further move toward 1.1472. The setup relies on price respecting support and continuing the current momentum pattern.
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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.