EURUSD outlook for today.

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This chart represents the EUR/USD currency pair in a 30-minute time frame. It depicts potential price movement and highlights an entry zone, along with two target levels (TP1 and TP2). Here’s a detailed explanation:

Current Price: The current price of EUR/USD is 1.03541, as shown on the chart. This is the last traded price in the candle.

Entry Zone: The chart indicates an "Entry zone" at the current price or slightly lower, suggesting that traders could look for long (buy) positions around this area.

Expected Movement:

After entering the trade, the price is anticipated to rise in a wave-like pattern, with minor pullbacks.

The projection is drawn with a zigzag arrow, symbolizing the expected upward trend.

Targets:

TP1 (Take Profit 1): The first profit target is set at 1.04317.

TP2 (Take Profit 2): The second profit target is higher at 1.04948, signaling a more extended bullish move.

Resistance Levels:

The chart highlights key resistance levels at the TP1 and TP2 areas, where price action may encounter selling pressure.

Market Context:

The recent price action shows a sharp upward movement followed by a retracement, which suggests a bullish setup.

Traders may see this as a buying opportunity if the price respects the entry zone and resumes its upward trajectory.


This setup is speculative and likely based on technical analysis principles, such as support, resistance, and price patterns.

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تم فتح الصفقة

Tp1 hits successfully 80+pips booked make sure to boost and book half and hold half for Tp2 with breakeven.