UnknownUnicorn2396129

EUR/USD BUY WATCH opportunity

Long
FX_IDC:EURUSD   Euro / U.S. Dollar
as we can see here on the EUR/USD chart, that the EUR has been gaining strength against the US dollar. and now we can see that the market has broken through a sideways consolidation to start trending to the upside. now the market is creating higher highs and higher lows, which is within strong support and resistance trend lines. at this point, price is now moving down towards the support trendline, due to the nature of this pattern we should wait for price to reach the support area and using candle patterns and confirmation of structure to hopefully be looking for a strong buy to then ride back up to the upside.
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.