Hello everyone, what’s your view on 
EURUSD trend?
EURUSD is currently forming its first Bullish Pennant pattern after a strong upward move, suggesting a high probability that the market will continue to push higher.
On the H1 chart, after a period of sideways movement, the price has broken out and entered a narrowing consolidation zone – a hallmark of the pennant pattern. The short-term EMA remains above the long-term EMA, supporting the bullish bias.
Preferred scenario: If the price breaks clearly above the upper boundary of the pattern, the buying target will be in the 1.17xx zone.
This pattern often appears in the middle of a trend, so if the breakout is successful, the rally could extend with stronger buying momentum.
Good luck!
Kevinn_Nguyen!
EURUSD trend?EURUSD is currently forming its first Bullish Pennant pattern after a strong upward move, suggesting a high probability that the market will continue to push higher.
On the H1 chart, after a period of sideways movement, the price has broken out and entered a narrowing consolidation zone – a hallmark of the pennant pattern. The short-term EMA remains above the long-term EMA, supporting the bullish bias.
Preferred scenario: If the price breaks clearly above the upper boundary of the pattern, the buying target will be in the 1.17xx zone.
This pattern often appears in the middle of a trend, so if the breakout is successful, the rally could extend with stronger buying momentum.
Good luck!
Kevinn_Nguyen!
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EURUSD with a bigger look
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✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
Related publications
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.