EURUSD - Reversing From Resistance

Zaktualizowano
Generally, the direction is consolidation

Uptrend Side: Currently, the price is trading between the resistance level of 1.0949 and the support level of 1.0896. To establish a bullish trend, the price should break the resistance at 1.0949 by closing a 4-hour candle above this level. This would then target the next significant resistance at 1.0999. If the price successfully breaks this level, it will indicate a decision in favor of an upward trend.

Downtrend Side: Regarding the downtrend, the price is exhibiting a bearish trend towards the support level of 1.0896. A break below this level will likely intensify the bearish momentum, potentially leading the price to reach the $1.0865 level.

Tendency Keys: 1.0896
Transakcja zamknięta: osiągnięto wyznaczony cel
The downtrend is active
Chart PatternsHarmonic PatternsTrend Analysis

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