Long

EURUSD: Bullish consolidation in short term?

Updated

From a technical point of view, a bullish consolidation on the intraday chart (30') is still possible. That said, the pair is triggering a corrective structure within a triangle (corrective Structure), so the bullish breakout should be able to push the price to 1.100 and then 1.1040 area.

Trade with care
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Note

Note

UPDATE:

Trade closed: target reached

✅ Target 1 hit:

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🔴 The Trend is still bullish.

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🔴 Money markets are pricing 162bps of cuts from the ECB by the end of 2024, compared with 100bps just over two weeks ago. In the US, traders now see 158bps of easing.

Trade closed: target reached

✅ TP2 hit:

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📈 ...to be continue
(Click on chart below for details)

EURUSD: Bullish consolidation? (Part II)

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🔴 Trend is still bullish on intraday chart.

TheAnonymousBanker

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