Hello traders, I want share with you my opinion about Euro. In this chart, we can see how the price has been moving confidently inside an upward channel after breaking out of a wedge formation. Previously, price consolidated within a narrowing wedge pattern above the buyer zone and broke upward, showing strong bullish momentum. That breakout initiated the current uptrend and led to the formation of a new support area. Now, price is pulling back from the resistance line of the channel and approaching this support area, which also coincides with the support line of the channel. This confluence increases the probability of a bullish reaction in this region. The structure suggests that buyers may step in around this level, preventing a deeper retracement. If the pair bounces off the support zone, I expect a continuation of the uptrend toward the upper boundary of the channel. For that reason, I set my TP at 1.1860 points, almost aligning with the resistance line of the channel. Given the current price action, the bullish structure, and strong reaction levels, I remain bullish and anticipate a rebound followed by further growth toward my target. Please share this idea with your friends and click Boost 🚀
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
İşlem aktif
Great! Price started to grow, I expect that it will continue to move up and reach my TP.İşlem kapandı: hedefe ulaştı
Nice, price started to grow inside upward channel.🔷Join my telegram channel for free - bit.ly/4g4wovR
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
🔷Join my telegram channel for free - bit.ly/4g4wovR
💰Want receive more profitable signals for Crypto & Forex market, write me PM 👉 bit.ly/4fNijD8
ThinkMarkets Ambassador Join & explore: bit.ly/3S4HwPq
💰Want receive more profitable signals for Crypto & Forex market, write me PM 👉 bit.ly/4fNijD8
ThinkMarkets Ambassador Join & explore: bit.ly/3S4HwPq
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.