EURUSD - LONG TERM
Updated
The euro fell slightly in the European market on Tuesday against the US dollar, giving up its highest level in eight months recorded earlier in Asian market trading, due to the activity of correction operations and profit taking.
Generally, the direction is up-trending.
Uptrend Side: The price is currently demonstrating a fresh upward movement; however, it appears that a corrective decline may occur before this rise, after which the price is expected to attempt a resumption of the anticipated bullish trend for today. The next target is the 1.1140 level, contingent on stability above 1.1080. Additionally, a break above 1.1140 could drive the price towards $1.1240, followed by $1.1275.
Downtrend Side: the downtrend breaking under 1.10348 will fall until touching 1.0994, and also under it will reach 1.0949
Tendency Keys: 1.10348
Generally, the direction is up-trending.
Uptrend Side: The price is currently demonstrating a fresh upward movement; however, it appears that a corrective decline may occur before this rise, after which the price is expected to attempt a resumption of the anticipated bullish trend for today. The next target is the 1.1140 level, contingent on stability above 1.1080. Additionally, a break above 1.1140 could drive the price towards $1.1240, followed by $1.1275.
Downtrend Side: the downtrend breaking under 1.10348 will fall until touching 1.0994, and also under it will reach 1.0949
Tendency Keys: 1.10348
Trade closed: target reached
The price rose and approached the resistance level of 1.1140 before reversing to initiate a correction. This correction is expected to continue until it reaches the support level of 1.1080, indicating a bearish trend. However, if the price manages to break the resistance at 1.1140 by closing a 4-hour candle above it, it may then reach the 1.1034 level.
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
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