The EURUSD currency pair is exhibiting bullish signals after successfully breaking out of a bearish channel that restricted its movement for the past few sessions. The technical confirmation is becoming increasingly robust as the price trades above the primary Moving Average (MA) line, indicating a positive short-term trend shift.
Additionally, the MACD indicator further supports the bullish momentum, as reflected by a positive histogram and the MACD line crossing above the signal line.
Recommended
Recommended
Recommended
Recommended
In alignment with the hourly chart analysis presented above, the EURUSD also presents bullish opportunities on the 15-minute chart, where the price successfully breaks out of the bearish channel and the MACD indicates potential for further upside. This could potentially elevate the EURUSD towards the resistance level of 1.04690.
Technical Reference: buy as long as it remains above 1.03350
Potential Take Profit 1: 1.04690
Potential Take Profit 2: 1.04510
Potential Stop Loss 1: 1.03700
Potential Stop Loss 2: 1.03500
