EUR/USD: Price Consolidation zone

EUR/USD price is ranging at zone. Currently, the price is approaching a significant support level. Notably, the market has formed a range zone bounded by key price points at 1.1000 and 1.08300. This suggests a phase of accumulation in preparation for a potential extension to the upside. Therefore, I expect a breakout of this range, accompanied by an expansion towards the primary resistance zone, provided that the support level remains intact. My target projection lies around the next robust resistance level, approximately at 1.10.

Target:1.09800

EURUSD


"Stay disciplined and patient"
"Keep analysis simple and concise"
"Have a risk management strategy"
"Trade with a clear mind"

Kommentera:

Trade stängt: målet nått