π EURUSD Price Forecast π
EURUSD has formed an Inverted Head & Shoulders pattern at the bottom of the downtrend, signaling a potential reversal. The price is currently at 1.0305, near the neckline breakout level, and has already broken above the 200 EMA. With increased buying volume, buyers are showing strength, suggesting further bullish momentum ahead.
Once the neckline breakout is confirmed, the rally is expected to begin, targeting key supply zones and resistance levels.
π― Technical Target Levels:
- 1.0350 (Supply zone)
- 1.0380 (Resistance level)
- 1.0430 (Final target)
π Key Highlights:
- Inverted Head & Shoulders pattern confirms potential trend reversal.
- Breakout above the 200 EMA supports bullish sentiment.
- Increased buying volume indicates strong buyer participation.
- Monitor the neckline breakout for signal activation.
β
Be Ready for the Move!
Like, comment, and follow for timely updates and forecasts.
Stay ahead in the market with our expert insights and signals! π
π’ Join the trading community for more actionable ideas and success!
#EURUSD #ForexTrading #TechnicalAnalysis #TradingSignals