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Euro / U.S. Dollar

EURUSD Technical Analysis and Trade Idea

By tradingwithanthony
Updated
The EURUSD is exhibiting a bearish sentiment on the weekly timeframe; nevertheless, there is a noticeable robust bullish trend observed on both the daily and the 4-hour timeframes. Notably, we witness a pronounced reaction at the weekly levels identified as resistance on the chart. Furthermore, we have identified a daily support level, marked as a potential target for a pullback and a prospective entry point for a long position. In the video, we thoroughly analyzed price action, market structure, the prevailing trend, and a plausible trading opportunity.
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