EUR/USD rebounds from the channel support, more uptrend ahead?
As mentioned in my Monday's trade plan, EUR/USD has rebounded
from the support line of the ascending channel. So, buyers who bought
at 1.0770 are currently up 100 Pips in their buy trades.
📌Currently, in the 4H chart, the immediate resistance is being offered
by the 1.0885 level.
📌Bulls need to break the 1.0885 level for the uptrend to continue further.
📌Buyers who bought at 1.0770 level can consider closing half of their buy
positions at the current market price. New buy trades can be considered on
a successful break and retest of the 1.0885 level.
📌Long-term target for the bulls is 1.13, which happens to the channel top.
from the support line of the ascending channel. So, buyers who bought
at 1.0770 are currently up 100 Pips in their buy trades.
📌Currently, in the 4H chart, the immediate resistance is being offered
by the 1.0885 level.
📌Bulls need to break the 1.0885 level for the uptrend to continue further.
📌Buyers who bought at 1.0770 level can consider closing half of their buy
positions at the current market price. New buy trades can be considered on
a successful break and retest of the 1.0885 level.
📌Long-term target for the bulls is 1.13, which happens to the channel top.
註釋
The 4H resistance is still capping the upside註釋
Price seems to have broken the 4H resistance.
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