Analysis of #EURUSD
The EURUSD has been trading in this consolidation range below the 1.1000 resistance level and above the 1.0970 support level, and we all know consolidation levels are not meant to last, that's why I expect this range to breakout soon.
Trading Plan:
>> If the EURUSD breakout above the resistance level of 1.100 I will then look for a trend continuation pattern to the upside targeting the next level of resistance if the rules are met.
>> If the EURUSD breakout below the support level of 1.097 I will then look for a trend continuation pattern to the downside targeting the next level of support if the rules are met.
⚡ Be aware due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
The EURUSD has been trading in this consolidation range below the 1.1000 resistance level and above the 1.0970 support level, and we all know consolidation levels are not meant to last, that's why I expect this range to breakout soon.
Trading Plan:
>> If the EURUSD breakout above the resistance level of 1.100 I will then look for a trend continuation pattern to the upside targeting the next level of resistance if the rules are met.
>> If the EURUSD breakout below the support level of 1.097 I will then look for a trend continuation pattern to the downside targeting the next level of support if the rules are met.
⚡ Be aware due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
