Euro / U.S. DollarUpdated Is EUR/USD gearing up for a bullish move to 1.11?
Dear traders, for the last 2 weeks, EUR/USD is forming a base in the 1.0650
level. We have seen a long consolidation at this zone and now, price is slowly
moving to the upside.
1.0780 is the first challenge for the bulls. If this key level is broken by the EUR/USD
bulls, expect a strong rally to 1.09 and 1.11 eventually as the path of least resistance
is to the upside.
I recommend traders to look to long entries around 1.07 -1.0650 level with SL below the
support zone at TPs at 1.09, 1.11 respectively.
level. We have seen a long consolidation at this zone and now, price is slowly
moving to the upside.
1.0780 is the first challenge for the bulls. If this key level is broken by the EUR/USD
bulls, expect a strong rally to 1.09 and 1.11 eventually as the path of least resistance
is to the upside.
I recommend traders to look to long entries around 1.07 -1.0650 level with SL below the
support zone at TPs at 1.09, 1.11 respectively.
Note
EUR/USD has failed to break the minor resistance again. Note
The 100 hour EMA is offering some support. Daily close will be importantNote
Another attempt to break the 1.0780 resistanceNote
Resistance finally broken 
Note
Price has reached my initial target at 1.0970
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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.