EUR/USD/ Confirm Bullish Trend

142
The EUR/USD price rose above 1.0450, strengthening the uptrend. As long as the price stays above this level, the bullish momentum is likely to continue, pushing the price toward the strong resistance at 1.0608. If this level breaks, the next target will be 1.0766.

For a bearish trend to develop, the price needs to close below 1.0450 on a 4-hour candle. A sustained move below this level would signal a shift in momentum, and the price could then head toward the next support levels.

Tendency Keys: 1.0450
Resistance Line: 1.0527, 1.0608, 1.0766
Support Line: 1.0450, 1.0350

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.