EURUSD can break through the channel

Dear friends, in general, EURUSD continues to show a range-bound movement. Looking at the technical picture of EURUSD on the 4-hour timeframe, we can see that it has formed a flag pattern and is currently facing resistance at the 1.0550 level. Currently, EU is trading around the support zone of 1.052 with a slight recovery. However, in the short term, after rising to the descending trendline, it will likely be quickly rejected. If the current support level is broken, there is a high possibility that EU will not be able to turn around.

What about you? Do you agree with this analysis?

İşlem aktif

The breakthrough from the flag is gradually proving the continued increasing trend

Not

Not

The price increase channel is still working well

AlselvSignals

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