The price action on EURUSD shows that it broke through a horizontal resistance level on the 4-hour chart.
Following the breakout, a local correction occurred, forming a bullish flag pattern.
As the NY session opened, the market rose and surpassed its resistance line, indicating a strong likelihood of continued upward movement.
The target is set at 1.1616.
Following the breakout, a local correction occurred, forming a bullish flag pattern.
As the NY session opened, the market rose and surpassed its resistance line, indicating a strong likelihood of continued upward movement.
The target is set at 1.1616.
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Join our Telegram channel for daily market update 👇👇
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t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.