📌 In my previous EUR/USD analysis, I mentioned that the long-term trend likely reversed, and we could see a move toward the 1.23 zone in the medium to longer term.
That view is playing out.
Recently, the pair printed a new local high above 1.18, confirming the trend change.
📉 After this rise, EUR/USD pulled back –but the structure is clearly corrective: overlapping and a classic bullish flag formation.
What's next?
This correction looks close to completion, and bulls may soon return to push toward the key 1.20 level.
Trading Plan:
The 1.1620–1.1650 area stands out as a strong confluence zone – ideal for looking for buying opportunities.
The trend has changed. The setup is forming. Now it’s about timing.
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
That view is playing out.
Recently, the pair printed a new local high above 1.18, confirming the trend change.
📉 After this rise, EUR/USD pulled back –but the structure is clearly corrective: overlapping and a classic bullish flag formation.
What's next?
This correction looks close to completion, and bulls may soon return to push toward the key 1.20 level.
Trading Plan:
The 1.1620–1.1650 area stands out as a strong confluence zone – ideal for looking for buying opportunities.
The trend has changed. The setup is forming. Now it’s about timing.
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.