On EUR/USD, we have a bearish setup with the price approaching the 1.0996 zone, where we encounter a strong resistance/support area supported by a demand zone in the H4 timeframe and a bullish trendline. At this point, the price could potentially rebound, with a possible target at 1.15, considering that the dollar is expected to adopt an extremely restrictive policy in the coming months, while the Eurozone might raise interest rates to at least 5%.
I would appreciate your thoughts on this analysis. Happy trading to all!
I would appreciate your thoughts on this analysis. Happy trading to all!
📈 Nicola | EdgeTradingJourney
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
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.
📈 Nicola | EdgeTradingJourney
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
Documenting my path to $1M in prop capital through real trading, discipline, and analysis.
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.