EUR/USD Technical Analysis – 4H Chart
▪️Symmetrical Triangle Formation
The pair is currently consolidating within a symmetrical triangle pattern, suggesting a potential breakout scenario. Price action remains compressed between a well-defined resistance area (1.14500-1.14947) and a rising support level (1.13500-1.13700).
▪️Support & Resistance Zones
▫️Support Level: 1.13500-1.13700
▫️ Resistance Area: 1.14500-1.14947
▫️ Target Area on Breakout: 1.16272
▪️Breakout Expectation
If price breaks above the resistance zone, bullish momentum may extend toward the target area at 1.16272. A confirmed breakout with strong volume could signal trend continuation to the upside.
▪️Outlook
The structure favors bulls as long as the support level holds. Watch for a breakout above the resistance area to validate upward targets. A break below the triangle would invalidate the bullish setup.
▪️Bias: Bullish (on confirmed breakout)
🔹Community Insight:
If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.
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▪️Symmetrical Triangle Formation
The pair is currently consolidating within a symmetrical triangle pattern, suggesting a potential breakout scenario. Price action remains compressed between a well-defined resistance area (1.14500-1.14947) and a rising support level (1.13500-1.13700).
▪️Support & Resistance Zones
▫️Support Level: 1.13500-1.13700
▫️ Resistance Area: 1.14500-1.14947
▫️ Target Area on Breakout: 1.16272
▪️Breakout Expectation
If price breaks above the resistance zone, bullish momentum may extend toward the target area at 1.16272. A confirmed breakout with strong volume could signal trend continuation to the upside.
▪️Outlook
The structure favors bulls as long as the support level holds. Watch for a breakout above the resistance area to validate upward targets. A break below the triangle would invalidate the bullish setup.
▪️Bias: Bullish (on confirmed breakout)
🔹Community Insight:
If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.
▪️Follow for regular updates and trade setups.
Trade active
strong breakout, Note
it's running in good pips Note
perfect running upside Trade closed: target reached
with 180 pips+
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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.
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.