🔸TRADE EXPLANATION: . . 🔸Today we are going to share a full explanation of a Bullish pending trade that we have on EUR/USD. . 🔸On the Weekly Chart, we can observe that the Descending Trendline valid since 2008 has been broken to the upside. . 🔸If we zoom into the Daily Timeframe, there is a corrective move making a throwback to the broken Trendline, and also retested the Support Zone. . 🔸 Our forecast on this pair is Bullish in the long term. The trade that we are going to take has a pending order at the breakout of the corrective structure (safe level), the Stop loss is placed below, and the take profit is at the next Resistance Zone. 🔸WEEKLY CHART ANALYSIS:
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