EUR/USD has shown clear bullish momentum after bouncing off the support level at 1.14027, marking a higher low within a confirmed demand zone.
Key confirmations:
✅ CHoCH (Change of Character) confirms reversal.
✅ MACD crossover indicating bullish pressure.
✅ Breakout expected towards the target area (1.18084).
✅ Support from wedge breakout & upward channel.
📈 Eyeing a push to retest strong resistance near the previous high.
Plan:
Watch for consolidation or retest near 1.1580–1.1600 before entry. Bullish continuation likely if price holds above the demand zone.
📌 Target: 1.18084
🛑 Invalidation below: 1.14027
🕵️♂️ Monitor price action near demand zone and wait for bullish confirmation candle for optimal entry
Key confirmations:
✅ CHoCH (Change of Character) confirms reversal.
✅ MACD crossover indicating bullish pressure.
✅ Breakout expected towards the target area (1.18084).
✅ Support from wedge breakout & upward channel.
📈 Eyeing a push to retest strong resistance near the previous high.
Plan:
Watch for consolidation or retest near 1.1580–1.1600 before entry. Bullish continuation likely if price holds above the demand zone.
📌 Target: 1.18084
🛑 Invalidation below: 1.14027
🕵️♂️ Monitor price action near demand zone and wait for bullish confirmation candle for optimal entry
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📊 Smart Signals | XAUUSD | Risk Management
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📈 ProfitMagnet-Pro | Verified Forex Analyst
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel:
t.me/profitmagnetpro12
📊 Smart Signals | XAUUSD | Risk Management
📬 Join Free Channel:
t.me/profitmagnetpro12
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.