The Euro is gaining strength against the U.S. Dollar, and the technical structure on the weekly chart suggests a strong impulsive wave to the upside 📊.
🔍 Key Elliott Wave Perspective:
The current bullish move appears to be part of a larger impulse wave, targeting the 1.2573 - 1.2977 zone 🎯. However, this bullish outlook remains valid as long as the market holds above the critical support level of 1.0205.
📊 Technical Confluence Supporting the Uptrend:
✅ Major Weekly Resistance: 1.0907, where prices will face the 200 EMA, a key trend-defining level.
✅ RSI & MACD: Both indicators are well-aligned with the bullish trend, confirming strength in momentum.
✅ Wave Structure: As long as price remains above 1.0205, the Elliott Wave count remains intact for further upside expansion.
🔹 Break & Hold Above 1.0907? Expect acceleration towards 1.2573 – 1.2977 📈.
🔹 Failure to Hold Above Support? A deeper retracement could reset the bullish wave structure.
⚡ Traders & Investors: Keep an eye on price action near 1.0907—a rejection or breakout here will be decisive!
🔍 Key Elliott Wave Perspective:
The current bullish move appears to be part of a larger impulse wave, targeting the 1.2573 - 1.2977 zone 🎯. However, this bullish outlook remains valid as long as the market holds above the critical support level of 1.0205.
📊 Technical Confluence Supporting the Uptrend:
✅ Major Weekly Resistance: 1.0907, where prices will face the 200 EMA, a key trend-defining level.
✅ RSI & MACD: Both indicators are well-aligned with the bullish trend, confirming strength in momentum.
✅ Wave Structure: As long as price remains above 1.0205, the Elliott Wave count remains intact for further upside expansion.
🔹 Break & Hold Above 1.0907? Expect acceleration towards 1.2573 – 1.2977 📈.
🔹 Failure to Hold Above Support? A deeper retracement could reset the bullish wave structure.
⚡ Traders & Investors: Keep an eye on price action near 1.0907—a rejection or breakout here will be decisive!
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。