EURUSD Long - term outlook
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EURUSD Long - term outlook
This is a Daily chart for the EURUSD. With the most recent increase, EURUSD managed to break out to the up side of a massive Triangle that's been forming since January 2024
At this stage the price has produced an effective breakout as it has closed a few candles above the resistance line
There are 2 additional confluences that support a possible increase - The 20, 50 and 200 EMAs align to indicate a possible beginning on an up trend and the MACD is indicating Bullish continuation
The price can continue up targeting 1.11 and 1.125 in extension but this might as well be a false breakout and the price may reverse down again aiming at the 1.07 levels
The way that you can increase your chances for success are by looking at a smaller time frame
This is a Daily chart for the EURUSD. With the most recent increase, EURUSD managed to break out to the up side of a massive Triangle that's been forming since January 2024
At this stage the price has produced an effective breakout as it has closed a few candles above the resistance line
There are 2 additional confluences that support a possible increase - The 20, 50 and 200 EMAs align to indicate a possible beginning on an up trend and the MACD is indicating Bullish continuation
The price can continue up targeting 1.11 and 1.125 in extension but this might as well be a false breakout and the price may reverse down again aiming at the 1.07 levels
The way that you can increase your chances for success are by looking at a smaller time frame
İşlem kapandı: hedefe ulaştı
Trade went 100% as expected. First it did a correction, retesting the resistance of the triangle and after that it went straight up to the target
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