Euro / U.S. Dollar
Long
Updated

EURUSD TECHNICAL ANALYSIS.

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The image is a trading chart from TradingView, showing the EUR/USD currency pair on a 1-hour timeframe.

Key Observations:

Price Level: The current price is 1.07882, with a slight decline of 0.11%.

Support & Resistance:

A resistance zone is marked in purple around 1.08200-1.08400.

A support zone is highlighted around 1.07200-1.07400.


Trend Lines:

A black upward trend line shows a previous uptrend, but it was broken.

The price has rebounded and is moving upward again.


Arrow & Prediction:

A blue arrow suggests an expected upward move toward the resistance zone.


Economic Events:

Symbols at the bottom indicate upcoming U.S. and Eurozone economic news releases, which may impact price movement.



This chart appears to suggest a bullish move toward resistance if momentum continues. Do you need further analysis or specific insights?

Trade closed: target reached
Target successfully reached.

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.