EURUSD POSSIBLE SETUPS.
Price is technically in an UPTREND trading above the multi year WEDGE PATTERN, with buyers holding the zones with several retest at 1.1700
A monthly close above this zone will set price higher for UPTREND continuation.
For now, we did had a weekly close above it as we will find out this new trading week maybe will have a monthly close above it or below the zone..
I will be looking out for buyers holding the zone to set price higher to 1.2000 or 1.2500 as targets or next level of resistances.
WHILE, a break below 1.1660 will set price lower exposing 1.1300 as target or next level of support
A monthly close above this zone will set price higher for UPTREND continuation.
For now, we did had a weekly close above it as we will find out this new trading week maybe will have a monthly close above it or below the zone..
I will be looking out for buyers holding the zone to set price higher to 1.2000 or 1.2500 as targets or next level of resistances.
WHILE, a break below 1.1660 will set price lower exposing 1.1300 as target or next level of support
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.