Price broke above a corrective trendline after bouncing off a strong demand zone near 95.60.
This breakout suggests buyers are gaining control — next target could be around 98.00.
As long as price stays above 96.40, the bullish outlook remains valid.
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
This breakout suggests buyers are gaining control — next target could be around 98.00.
As long as price stays above 96.40, the bullish outlook remains valid.
🚀 Hit like if you find this analysis helpful, and don't hesitate to comment with your opinions, charts or any questions, I will respond :)
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.