EURUSD 1D ANALYSIS
EUR/USD Analysis – 1-Day Time Frame
In the past month, EUR/USD has been strongly bearish, but we’re now seeing signs of a reversal as the price begins to climb. Recently, the pair has broken through a key daily resistance level and is now heading toward the next resistance zone at 1.06040.
Two Potential Entry Models:
Rejection from Resistance:
If the price bounces back from the 1.06040 resistance level, you can look for a possible entry around 1.05200. From this level, the price may regain upward momentum, offering a favorable buy opportunity.
Break and Retest:
If the price successfully breaks through the 1.06050 resistance, wait for it to retest this level as a new support. Once confirmed, you can consider an entry at this zone, aiming for a continuation of the bullish move.
These setups offer strategic opportunities for those trading EUR/USD.
I hope this analysis helps you in your trading decisions. Don’t forget to like and comment for more analysis like this!
In the past month, EUR/USD has been strongly bearish, but we’re now seeing signs of a reversal as the price begins to climb. Recently, the pair has broken through a key daily resistance level and is now heading toward the next resistance zone at 1.06040.
Two Potential Entry Models:
Rejection from Resistance:
If the price bounces back from the 1.06040 resistance level, you can look for a possible entry around 1.05200. From this level, the price may regain upward momentum, offering a favorable buy opportunity.
Break and Retest:
If the price successfully breaks through the 1.06050 resistance, wait for it to retest this level as a new support. Once confirmed, you can consider an entry at this zone, aiming for a continuation of the bullish move.
These setups offer strategic opportunities for those trading EUR/USD.
I hope this analysis helps you in your trading decisions. Don’t forget to like and comment for more analysis like this!
Gurvinder singh
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