EUR/USD is currently respecting the ascending channel structure, with price now sitting at a critical support zone. After the recent pullback and rejection from the resistance trendline, the pair has retraced toward the mid-level of the channel, where it's now showing signs of stabilization.
As long as price holds above this support area, we expect bullish momentum to return. A gradual build-up above this zone could lead to a fresh move toward 1.0936, with the potential to reach 1.1010, which marks the upper resistance of the channel.
This setup remains valid unless we see a clean break below 1.0675, which would invalidate the bullish structure and open the door for deeper correction. For now, the bias remains bullish as long as the support holds and the structure continues to respect the ascending trend.
Bullish target: 1.0834, 1.0936, 1.1010
Bearish target: 1.0779, 1.0675, 1.0573
As long as price holds above this support area, we expect bullish momentum to return. A gradual build-up above this zone could lead to a fresh move toward 1.0936, with the potential to reach 1.1010, which marks the upper resistance of the channel.
This setup remains valid unless we see a clean break below 1.0675, which would invalidate the bullish structure and open the door for deeper correction. For now, the bias remains bullish as long as the support holds and the structure continues to respect the ascending trend.
Bullish target: 1.0834, 1.0936, 1.1010
Bearish target: 1.0779, 1.0675, 1.0573
- Traders, if you find this analysis helpful or have your own insights, drop a comment below! I’d love to hear your thoughts❤️
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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。