It is clear that EUR has broken through the support line, but I don't think the fall will continue. I expect growth to 1.19
Trade active
EURUSD is respecting a long-term ascending structure, bouncing cleanly from the confluence of the support line and triangle apex. The price has formed a series of higher lows, signaling growing bullish momentum within the compression of the ascending triangle. A breakout above the 1.1700 level would likely trigger an impulsive continuation toward the broader resistance target at 1.1897. As long as the rising support holds, bulls remain in control.📉 Key Levels
🔼 Buy trigger: Break above 1.1700
🟢 Buy zone: 1.1600–1.1620 (support line retest area)
🎯 Target: 1.1897 (major resistance zone)
🚫 Invalidation: Close below 1.1550 trendline support
💡 Risks
-False breakout above 1.1700 followed by rapid pullback
-DXY strength or hawkish Fed rhetoric
-Eurozone political or macro instability impacting trend
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
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🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.