Euro / Dólar Americano
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EURUSD SYMMETRY TRADING ABC BULLISH PATTERN

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Hello Traders! Welcome to Today's EURUSD Analysis.

We've spotted an exciting trading opportunity on EURUSD that we'd love to share with you.

On its hourly chart, EURUSD has carved out a Symmetrical ABC Bullish Pattern. This pattern is characterized by a swing from A to B, followed by a retracement to the 61.8% Fibonacci level.

Currently, the price is trading above our strategically set Entry Level (EL) based on Fibonacci extensions from the previous swings. Here are the trade details:

Long Entry Level (EL): 1.08501

Stop Loss (ST): Once the bullish trend is confirmed, consider setting the stop loss below point C at 1.08259.

Targets:
- Target 1:
- 62% AB: 1.09397
- 79% AB: 1.09699
- Target 2:
- 127% AB: 1.10564
- 162% AB: 1.11188

snapshot

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