The EURUSD pair has seen a downward adjustment, reaching the middle of the Bollinger Bands, indicating a consolidation phase following a previous rally. Nevertheless, the stochastic indicator is currently in the oversold territory, suggesting that selling pressure is beginning to ease, and the chances of a rebound are increasing. If the price can hold above the support level and a bullish candlestick confirmation appears, there is potential for this pair to continue its upward trajectory.
Recommended
Recommended
Recommended
Recommended
The EURUSD shows signs of upward potential after forming a bullish channel in the 15-minute time frame, indicating that the upward trend is still in place. Additionally, the stochastic indicator has successfully rebounded from the oversold region, further confirming that bullish momentum is starting to regain strength. If buying pressure continues to escalate, this currency pair could advance towards the resistance level at 1.03495.
Technical Reference: buy as long as it remains above 1.03495
Potential Take Profit 1: 1.03300
Potential Take Profit 2: 1.03495
Potential Stop Loss 1: 1.02650
Potential Stop Loss 2: 1.02395
