EUR/USD – The Path to Higher Highs
🔍 12-Hour Time Frame:
Support firmly established at 1.08095
Previous high at 1.09469, with a retest zone expected at 1.12757
The lower high is currently sitting around 1.08221, showing signs of a forming dip—potentially a strong entry opportunity 📌
🔍 9-Week Time Frame:
The first full-body candle has completed, setting the stage for the second leg upward 📈
1.12757 remains the key target in this bullish cycle, with 1.10956 as a potential neckline/resistance
If the market structure holds, breaking into higher highs shouldn’t be an issue 🚀
💡 Key Takeaways:
Higher time frames dictate major market moves—understanding them is crucial.
A pullback is natural and often presents a good re-entry opportunity.
Strategy is everything—never enter the market without a battle plan!
📊 Trading Disclosure:
This is not financial advice. Always do your own research and trade responsibly.
#Forex #EURUSD #Trading #TechnicalAnalysis #MarketStructure #ForexTrader #PriceAction
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.
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.