EURUSD is poised for a bullish move on the 4-hour chart, with an entry zone at 1.165 near a solid support zone. First target at 1.1875 marks initial resistance, while the second target at 1.197 aligns with a key psychological level. Set a stop loss on a 4-hours close below the 200 EMA to manage risk effectively.
A break above 1.17 with strong volume could spark this rally, driven by Eurozone data and USD softening. Keep an eye on ECB statements and U.S. economic releases as potential catalysts.
Ready to catch this wave? Share your thoughts below!
#EURUSD #ForexTrading #TechnicalAnalysis #TradingView #CurrencyPairs #DayTrading #MarketSignals
Note
Trade was activatedTrade closed: stop reached
The dollar strengthened mainly because traders reduced expectations of aggressive Fed rate cuts.
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.
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.