EUR/USD Technical Analysis 📉📈📊
Current Price: 1.08360 🟢
Recent Pullback: The EUR/USD pair retraced from the level of 1.07980.📉📈📊
Retest of Support: It's currently retesting the support level around 1.08260, indicating a potential bullish sentiment.
Trade Target: The next significant resistance level lies at 1.08881, which presents an attractive target for bullish momentum.📉📈📊
Trading Plan:
- Entry: Consider entering a long position if the price breaks convincingly above the resistance level at 1.08260.
- Stop Loss: Place a stop loss below the support level to manage risk in case of a reversal.
Take Profit Aim for a take profit level near the resistance at 1.08881, capturing potential upward movement.
Risk Management Always adhere to proper risk management principles, ensuring that potential losses are controlled and manageable relative to the trading account size. ❤️👍 Good luck 🤞
Current Price: 1.08360 🟢
Recent Pullback: The EUR/USD pair retraced from the level of 1.07980.📉📈📊
Retest of Support: It's currently retesting the support level around 1.08260, indicating a potential bullish sentiment.
Trade Target: The next significant resistance level lies at 1.08881, which presents an attractive target for bullish momentum.📉📈📊
Trading Plan:
- Entry: Consider entering a long position if the price breaks convincingly above the resistance level at 1.08260.
- Stop Loss: Place a stop loss below the support level to manage risk in case of a reversal.
Take Profit Aim for a take profit level near the resistance at 1.08881, capturing potential upward movement.
Risk Management Always adhere to proper risk management principles, ensuring that potential losses are controlled and manageable relative to the trading account size. ❤️👍 Good luck 🤞
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