Lingrid | EURUSD pullback CONTINUATION

5 Ağu 2024

The price perfectly fulfilled my last idea. It played out nicely; it hit the targeted level. The market gapped up this morning, and EURUSD has rebounded off the support level at 1.08000. On the daily timeframe, we can see a strong bullish candle that has broke through the last month's high. The 4H timeframe also reflects a bullish trend, and a breakout above the resistance level at 1.0900 indicates a continuation of this upward momentum. Meanwhile, the DXY has bounced off a strong resistance zone, suggesting that it might test lower levels. Overall, I expect a test of the psychological level as well as an upward channel. My goal is the resistance at 1.10000

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻