It is clear that EUR has broken through the support line, but I don't think the fall will continue. I expect growth to 1.19
Trade ativo
EURUSD is respecting a long-term ascending structure, bouncing cleanly from the confluence of the support line and triangle apex. The price has formed a series of higher lows, signaling growing bullish momentum within the compression of the ascending triangle. A breakout above the 1.1700 level would likely trigger an impulsive continuation toward the broader resistance target at 1.1897. As long as the rising support holds, bulls remain in control.📉 Key Levels
🔼 Buy trigger: Break above 1.1700
🟢 Buy zone: 1.1600–1.1620 (support line retest area)
🎯 Target: 1.1897 (major resistance zone)
🚫 Invalidation: Close below 1.1550 trendline support
💡 Risks
-False breakout above 1.1700 followed by rapid pullback
-DXY strength or hawkish Fed rhetoric
-Eurozone political or macro instability impacting trend
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
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🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.