EURUSD: Waiting For Breakout
The EUR/USD seems overbought after a strong bullish trend, having stalled after reaching a key daily resistance level.
On the 4-hour chart, there's a triple top pattern forming alongside a rising trend, with the market breaking below the support trend line.
For sellers, the critical level to watch is the neckline of the triple top at 1.1143 - 1.1123. A break and close below this area would indicate a significant bearish signal.
A retracement could occur from this structure, potentially targeting 1.1050
However, if the price manages to establish a new higher high, we will look for long positions.
On the 4-hour chart, there's a triple top pattern forming alongside a rising trend, with the market breaking below the support trend line.
For sellers, the critical level to watch is the neckline of the triple top at 1.1143 - 1.1123. A break and close below this area would indicate a significant bearish signal.
A retracement could occur from this structure, potentially targeting 1.1050
However, if the price manages to establish a new higher high, we will look for long positions.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.