(Updates) EURUSD Continues Its Upward Movement for Three Consecutive Days, Supported by MA and MACD; Reaches New Heights

The EURUSD currency pair has successfully recorded an upward trend for three consecutive days, indicating a strengthening bullish momentum. The technical support provided by the Moving Average (MA) confirms that prices have stabilized above the MA line, reinforcing the upward trajectory.

In addition, the MACD indicator is showing positive signals as the MACD line crosses above the signal line, accompanied by a histogram that is widening in the positive zone, suggesting ongoing buying pressure.

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In alignment with the one-hour chart analysis above, the 15-minute chart of the EURUSD also presents bullish opportunities as the price forms a bullish channel, indicating strong buying potential, while the stochastic indicator is in the oversold region, supporting the likelihood of further upside. This could propel the EURUSD toward the resistance level of 1.03915.

Technical Reference: buy when above 1.02750
Potential Take Profit Level 1: 1.03665
Potential Take Profit Level 2: 1.03915
Potential Stop Loss Level 1: 1.023020
Potential Stop Loss Level 2: 1.02750