EUR/USD – Buy Setup Analysis (1H Chart)
📈 **Trend**: Uptrend
The pair is respecting the ascending trendline and is trading above both the EMA 7 and EMA 21, indicating bullish momentum.
**🔹 Long Setup**
* **Entry:** Around 1.1774 (current price)
* **Stop-Loss (SL):** 1.1731 (below trendline & EMAs)
* **Take-Profit (TP):** 1.1872 (based on recent swing high)
**🔎 Technical Signals**
* Price is forming higher highs and higher lows.
* Strong volume surge on bullish candles.
* EMA crossover (7 > 21) supports continuation.
**Conclusion**
As long as EUR/USD holds above the trendline and the EMAs, the bullish setup remains valid. A break below 1.1730 would invalidate this outlook.
📈 **Trend**: Uptrend
The pair is respecting the ascending trendline and is trading above both the EMA 7 and EMA 21, indicating bullish momentum.
**🔹 Long Setup**
* **Entry:** Around 1.1774 (current price)
* **Stop-Loss (SL):** 1.1731 (below trendline & EMAs)
* **Take-Profit (TP):** 1.1872 (based on recent swing high)
**🔎 Technical Signals**
* Price is forming higher highs and higher lows.
* Strong volume surge on bullish candles.
* EMA crossover (7 > 21) supports continuation.
**Conclusion**
As long as EUR/USD holds above the trendline and the EMAs, the bullish setup remains valid. A break below 1.1730 would invalidate this outlook.
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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.
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.