Hi Traders!
All eyes are now on the Euro, and traders are eagerly anticipating the European Central Bank's (ECB) interest rate decision and their press conference later today.
Looking at the price action on the EURUSD 1D chart, the Euro has found support near the previous cup resistance at the 1.10120 level. Depending on the outcome we get later from the ECB, the Euro may possibly continue its bullish momentum and target the 1.12757 resistance level for a potential breakout.
On the other side, if we get any possible signs of Euro weakness from the ECB, then 1.10120 is the target support level, with a possible opportunity for a break and continuation below.
Please do not forget to like, comment, and follow, as your support greatly helps.
Thank you for your support.
BluetonaFX
All eyes are now on the Euro, and traders are eagerly anticipating the European Central Bank's (ECB) interest rate decision and their press conference later today.
Looking at the price action on the EURUSD 1D chart, the Euro has found support near the previous cup resistance at the 1.10120 level. Depending on the outcome we get later from the ECB, the Euro may possibly continue its bullish momentum and target the 1.12757 resistance level for a potential breakout.
On the other side, if we get any possible signs of Euro weakness from the ECB, then 1.10120 is the target support level, with a possible opportunity for a break and continuation below.
Please do not forget to like, comment, and follow, as your support greatly helps.
Thank you for your support.
BluetonaFX
JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
t.me/bluetonaFX
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.
JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
t.me/bluetonaFX
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.