Hi there,
The EUR/USD is showing a bullish setup on the 30-minute chart, with two key price targets in focus and an upside bias toward 1.16867.
I’ve seen a completed ABC corrective pattern, followed by a significant low at point D. This suggests that the recent correction may be over. If momentum continues, the pair could rally from current levels, potentially breaking above the previous swing high at point C to form a new higher high.
Immediate resistance levels to watch are 1.16016 and 1.16311, with the main bullish target at the 0.618 Fibonacci extension near 1.16867. If price holds above the recent low and maintains upward momentum, we can anticipate that these targets remain in play.
Happy Trading,
K.
Not trading advice.
The EUR/USD is showing a bullish setup on the 30-minute chart, with two key price targets in focus and an upside bias toward 1.16867.
I’ve seen a completed ABC corrective pattern, followed by a significant low at point D. This suggests that the recent correction may be over. If momentum continues, the pair could rally from current levels, potentially breaking above the previous swing high at point C to form a new higher high.
Immediate resistance levels to watch are 1.16016 and 1.16311, with the main bullish target at the 0.618 Fibonacci extension near 1.16867. If price holds above the recent low and maintains upward momentum, we can anticipate that these targets remain in play.
Happy Trading,
K.
Not trading advice.
Trade closed: target reached
It reached our targets
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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.