The EURUSD broke out to the previous resistance level of 1.16317
The next resistance level is 1.22147. weaknesses and instability in the US Economy and its involvement in the Iran-Israeli war, which has resulted in uncertainty (geopolitical risk) among investors.
A Bullish flag pattern on the Daily Timeframe confirmed the break from the previous support, and fueled by the statement above, the Bullish flag pattern will continue to the resistance level 1.22147.
The 1.24162 level could serve as a resistance level if 1.22147 were to turn into support.
The highest level, 1.39710, is a level to watch out for, in the long term, if buying continues.
Conclusion: Current objective is a Buy to 1.22147.
The next resistance level is 1.22147. weaknesses and instability in the US Economy and its involvement in the Iran-Israeli war, which has resulted in uncertainty (geopolitical risk) among investors.
A Bullish flag pattern on the Daily Timeframe confirmed the break from the previous support, and fueled by the statement above, the Bullish flag pattern will continue to the resistance level 1.22147.
The 1.24162 level could serve as a resistance level if 1.22147 were to turn into support.
The highest level, 1.39710, is a level to watch out for, in the long term, if buying continues.
Conclusion: Current objective is a Buy to 1.22147.
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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.