Eurousd

Looking at the EUR/USD daily chart, we observe a pattern of higher highs and higher lows, indicating that price is respecting the trendline.

Our key focus is on 1.054, a strong resistance level. We wait for a clear breakout before considering an entry.

If the price pulls back instead, our first buying zone is at 1.042 to 1.040. Why?

✅ The 50 EMA aligns as a strong support
✅ It coincides with a weekly support level
✅ The trendline support adds further confluence

By waiting for confirmations at these levels, we position ourselves for high-probability trades!