EUR/USD Daily Chart - Triangle Breakout
Updated
The EUR/USD pair on the Daily timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the upcoming Days.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.0900.
Target Levels:
1st Resistance – 1.1083
2nd Resistance – 1.1210
Stop-Loss: To manage risk, place a stop-loss order below 1.0718. This helps limit potential losses if the price falls back unexpectedly.
Thank you
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.0900.
Target Levels:
1st Resistance – 1.1083
2nd Resistance – 1.1210
Stop-Loss: To manage risk, place a stop-loss order below 1.0718. This helps limit potential losses if the price falls back unexpectedly.
Thank you
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