4-hour chart,
The EUR/USD
EURUSD is trading in a falling expanding (broadening) wedge pattern. The price rebounded from the support level S, and is expected to test the upper resistance line R - at around 1.134
After crossing the line R, and stabilizing for 12 hours above this level, the target will be 1.157 to 1.159 - passing through the shown resistance levels 1.137 and 1.142
Consider a stop loss below the support line (currently 1.119)
RSI is in the buy zone. MACD needs to cross up its signal line to confirm.
The EUR/USD
EURUSD is trading in a falling expanding (broadening) wedge pattern. The price rebounded from the support level S, and is expected to test the upper resistance line R - at around 1.134After crossing the line R, and stabilizing for 12 hours above this level, the target will be 1.157 to 1.159 - passing through the shown resistance levels 1.137 and 1.142
Consider a stop loss below the support line (currently 1.119)
RSI is in the buy zone. MACD needs to cross up its signal line to confirm.
Trade closed: stop reached
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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.
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.