Potential Target: €6.3 by Mid-May 2025📈 Trading Idea – Potential Target: €6.3 by Mid-May 2025
The idea of a bullish move toward €6.3 is plausible if:
The price continues to hold the support zone within the current range (around €5.0–€5.2).
We see a strong breakout above the top of the consolidation range, ideally with increased volume.
Broader market sentiment or fundamentals support a rebound (news, earnings, etc.).
The €6.3 level aligns with the upper boundary of the sideways range and is a logical first technical target before any deeper trend reversal is confirmed.
⚠️ Risks to Consider:
A breakdown below €5.0 could invalidate the bullish setup and resume the long-term downtrend.
The overall structure remains bearish, so confirmation is key before entering long positions.
Technical Indicators:
Tools like Supertrend and predictive ranges suggest momentum is shifting or at least stabilizing.
The green dynamic trend line could indicate an early sign of a bullish push, though the price is still within the broader range.
