Lingrid | EURUSD Continuation of the CURRENT TREND

١٩ أغسطس ٢٠٢٤

The price perfectly fulfilled my last idea. EURUSD is approaching the resistance zone and is currently consolidating after breaking out of the 1.1000 level. The price has not yet broke through the previous resistance, which suggests that it may be forming a triangle pattern. I believe the market will seek liquidity below this psychological level before bouncing off the upward trendline. If the price rejects a support level, it is likely that the market will rebound from it and the upward trendline, especially considering the presence of a long-tailed bar on the weekly chart, which indicates a potential for further bullish movement. My goal is the resistance zone around 1.11000


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻