RLinda ! EURUSD-> Rising trend. Where is the price headed?
EURUSD continues to strengthen. The price is in the ascending range. After testing the resistance of the range, a technical pullback to the middle line of the channel is formed
On the chart I want to pay attention to the triangle. It is a kind of consolidation, where a break of this or that triangle border will cause a strong impulse.
At the same time EURUSD is testing the support at 1.04969 by a false break and confirmation of the limit level, i.e. there is support in the market.
I expect a rise from 1.04969 or a breakdown of triangle resistance and reaching 1.05848 in the medium term
But, in case of breakdown of 1.04969 and triangle support, the price can reach 1.03642 level rather quickly
Regards, R. Linda!
On the chart I want to pay attention to the triangle. It is a kind of consolidation, where a break of this or that triangle border will cause a strong impulse.
At the same time EURUSD is testing the support at 1.04969 by a false break and confirmation of the limit level, i.e. there is support in the market.
I expect a rise from 1.04969 or a breakdown of triangle resistance and reaching 1.05848 in the medium term
But, in case of breakdown of 1.04969 and triangle support, the price can reach 1.03642 level rather quickly
Regards, R. Linda!
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Join me, I'll guide you to PROFITABLE TRADING💵!
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🧿Web: rlinda.com
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