EURUSD currency pair is forming a trading range within a global and local uptrend. Before continuing its growth, the market may form a false breakout.Against the backdrop of the falling dollar, the euro is strengthening and has gained 13% over the past four months, which is a fairly significant growth indicator for the currency pair. Fundamentally, the US is trying to achieve a rapid reduction in interest rates, which may continue to support the euro...
Technically, the price is consolidating against the backdrop of a global and local uptrend. A correction is forming towards the support zone, where there is a fairly large pool of liquidity...
Resistance levels: 1.1392, 1.1439, 1.1481
Support levels: 1.130, 1.127
The price is heading towards support, namely, the market is interested in liquidity below 1.13 - 1.127, which must be tested in order to build up potential before the bullish trend possibly continues.
Best regards, R. Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
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.