EURUSD is currently moving within a clear sideways range between 1.16400 and 1.18400, positioned just above the ascending channel line. Recent price action shows consolidation, with lower highs forming near 1.18400 while support holds firmly.
If price breaks below the range, a retest of the channel support around 1.16400 is likely. On the other hand, a bounce from current support may lead to another attempt toward the upper resistance. Traders should wait for a clear breakout signal before entering in the new trend direction.
If price breaks below the range, a retest of the channel support around 1.16400 is likely. On the other hand, a bounce from current support may lead to another attempt toward the upper resistance. Traders should wait for a clear breakout signal before entering in the new trend direction.
Top trading opportunities are waiting for you! : t.me/+aljKUwb-ar1jNDg1
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
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.
Top trading opportunities are waiting for you! : t.me/+aljKUwb-ar1jNDg1
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
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.