Euro / U.S. Dollar
Short
Updated

DeGRAM | EURUSD reached the supply zone

377
EURUSD is in the supply zone in an ascending channel above the trend lines.

Price is moving from the lower boundary of the channel and has already broken the upper trend line.

Indicators are pointing to a local bearish divergence on the 1H Timeframe.

The chart is forming a local upward structure.

We expect a pullback after a retest of the upper boundary of the supply zone.

-------------------

Share your opinion in the comments and support the idea with like. Thanks for your support!
Trade closed: target reached
EURUSD has reached the lower boundary of the current zone, consider further movement today.

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.