EURUSD CHART ANALYSIS 1HOUR NEXT MOVE POSSIBLE

This is a technical analysis chart of the EUR/USD currency pair on a 1-hour timeframe from TradingView. The chart includes:

1. Support Zone (Red Area at the Bottom) – This indicates a demand zone where price has shown buying interest in the past.


2. Resistance Level (Blue Line at 1.04110) – A key price level where the price previously struggled to break above.


3. Forecasted Price Movement (Black Arrows) – The chart suggests a bullish (upward) move, with an expectation of a pullback before a strong rise towards the 1.04110 resistance level.


4. Economic Events (Icons with U.S. Flags) – Indicating upcoming U.S. economic data releases, which may impact price movement.



This analysis suggests that if EUR/USD holds above the support zone, it could move towards the resistance level. However, market conditions and fundamentals will also play a key role. Are you looking for specific insights related to this setup?