Auf geht's
Euro / US-Dollar
Short

EURUSD can break through the channel

Von AlselvSignals
Aktualisiert
Dear friends, in general, EURUSD continues to show a range-bound movement. Looking at the technical picture of EURUSD on the 4-hour timeframe, we can see that it has formed a flag pattern and is currently facing resistance at the 1.0550 level. Currently, EU is trading around the support zone of 1.052 with a slight recovery. However, in the short term, after rising to the descending trendline, it will likely be quickly rejected. If the current support level is broken, there is a high possibility that EU will not be able to turn around.

What about you? Do you agree with this analysis?
Trade ist aktiv
The breakthrough from the flag is gradually proving the continued increasing trend
Anmerkung
EURUSD consolidated the day
Anmerkung
The price increase channel is still working well
EURUSDForexHarmonic PatternsTechnical IndicatorsintradaytradelongsetupoptionsstrategiessignalsTechnical AnalysisTrend Analysis
AlselvSignals

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