Euro / U.S. Dollar
Long

DeGRAM | EURUSD Consolidation zone breaking

706
EURUSD broke and closed above the consolidation zone. Consolidation zones typically act as both support and resistance.

The market is above the psychological level of 1.7000. 

We expect a retest of the consolidation zone and the upper channel's border, which is dynamic resistance.


-------------------

Share your opinion in the comments and support the idea with like. Thanks for your support!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.