1. Pair & Timeframe:
• EUR/USD, 1H (1-hour candles)
• Current price: 1.11684
2. Trend Analysis:
• There was a bullish breakout from a falling wedge pattern (marked in blue) around April 10.
• After the breakout, price surged sharply, breaking above previous resistance levels.
• A steep ascending black trendline tracks this bullish impulse.
3. Key Zones:
• Resistance Zone (Yellow box near 1.12000):
Price touched this area and showed signs of rejection.
• Support Zone (Orange box around 1.09268 - 1.09849):
This is a previously tested support area.
4. Price Projection (Blue Arrow):
• The blue arrow suggests a bearish reversal is expected from the resistance zone.
• Target levels are around 1.10400 initially, with a potential drop toward 1.09849 and 1.09268.
5. Fibonacci Level:
• There’s a visible 0.5 Fibonacci retracement level (0.521718…), possibly used to gauge pullback zones before the breakout.
• EUR/USD, 1H (1-hour candles)
• Current price: 1.11684
2. Trend Analysis:
• There was a bullish breakout from a falling wedge pattern (marked in blue) around April 10.
• After the breakout, price surged sharply, breaking above previous resistance levels.
• A steep ascending black trendline tracks this bullish impulse.
3. Key Zones:
• Resistance Zone (Yellow box near 1.12000):
Price touched this area and showed signs of rejection.
• Support Zone (Orange box around 1.09268 - 1.09849):
This is a previously tested support area.
4. Price Projection (Blue Arrow):
• The blue arrow suggests a bearish reversal is expected from the resistance zone.
• Target levels are around 1.10400 initially, with a potential drop toward 1.09849 and 1.09268.
5. Fibonacci Level:
• There’s a visible 0.5 Fibonacci retracement level (0.521718…), possibly used to gauge pullback zones before the breakout.
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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.
World Best Signals Channel here 🤝
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+crZRykT5XGsyYjFk
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+crZRykT5XGsyYjFk
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.