EURUSD - EXPECTING UPSIDE AFTER BREAKOUT OF RESISTANCE
Symbol - EURUSD
CMP 1.0360
EURUSD is attempting to capitalize on the recent correction in the U.S. dollar. The price is currently undergoing a retest of consolidation resistance, aiming for a potential breakout and further upward movement. Following an initial attempt to breach the downtrend resistance, the price entered a consolidation phase, establishing a range between 1.0530 and 1.0210. Within this setup, a local consolidation channel has formed, with the price testing the resistance at 1.0380 The market is still in the process of confirming a trend reversal and seeking to strengthen in the context of the dollar's correction.
The fundamental landscape remains complex, influenced by the Trump's ongoing tariff dispute and the broader economic crisis.
Resistance Levels: 1.0380, 1.0530
Support Levels: 1.0330, 1.0210
A breakout above the 1.0380 resistance level, followed by price consolidation above this area, could signal further growth, driven by the distribution of the accumulated potential.
CMP 1.0360
EURUSD is attempting to capitalize on the recent correction in the U.S. dollar. The price is currently undergoing a retest of consolidation resistance, aiming for a potential breakout and further upward movement. Following an initial attempt to breach the downtrend resistance, the price entered a consolidation phase, establishing a range between 1.0530 and 1.0210. Within this setup, a local consolidation channel has formed, with the price testing the resistance at 1.0380 The market is still in the process of confirming a trend reversal and seeking to strengthen in the context of the dollar's correction.
The fundamental landscape remains complex, influenced by the Trump's ongoing tariff dispute and the broader economic crisis.
Resistance Levels: 1.0380, 1.0530
Support Levels: 1.0330, 1.0210
A breakout above the 1.0380 resistance level, followed by price consolidation above this area, could signal further growth, driven by the distribution of the accumulated potential.
Trade ativo
Breakout happened. Long position active.
Aviso legal
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