Hello Traders! 👋
What are your thoughts on EURUSD?
EUR/USD has been consolidating within a tight range between the key support at 1.1550–1.1580 and resistance at 1.1740 – 1.1800 in recent weeks.
So far, the pair has failed to break out decisively, showing a lack of strong momentum.
Possible Scenarios
Bullish Scenario:
A confirmed breakout above the 1.1740 – 1.1800 resistance zone could trigger upside momentum, targeting 1.1850 – 1.1950.
Bearish Scenario:
If the 1.1580 –1.1550 support fails and price sustains below it, a deeper decline toward 1.1400 – 1.1450 becomes likely.
As long as price remains inside this range, the optimal strategy is to buy near support and sell near resistance.
However, for higher conviction entries, traders should wait for a clear breakout in either direction and trade accordingly.
Don’t forget to like and share your thoughts in the comments! ❤️
What are your thoughts on EURUSD?
EUR/USD has been consolidating within a tight range between the key support at 1.1550–1.1580 and resistance at 1.1740 – 1.1800 in recent weeks.
So far, the pair has failed to break out decisively, showing a lack of strong momentum.
Possible Scenarios
Bullish Scenario:
A confirmed breakout above the 1.1740 – 1.1800 resistance zone could trigger upside momentum, targeting 1.1850 – 1.1950.
Bearish Scenario:
If the 1.1580 –1.1550 support fails and price sustains below it, a deeper decline toward 1.1400 – 1.1450 becomes likely.
As long as price remains inside this range, the optimal strategy is to buy near support and sell near resistance.
However, for higher conviction entries, traders should wait for a clear breakout in either direction and trade accordingly.
Don’t forget to like and share your thoughts in the comments! ❤️
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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.
✅MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
✅INSTAGRAM:
instagram.com/marketanalaysis
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.