๐คฝโโEURUSD bullish pullback
ืืขืืืื
EUR/USD Technical Analysis ๐๐๐
Current Price: 1.08360 ๐ข
Recent Pullback: The EUR/USD pair retraced from the level of 1.07980.๐๐๐
Retest of Support: It's currently retesting the support level around 1.08260, indicating a potential bullish sentiment.
Trade Target: The next significant resistance level lies at 1.08881, which presents an attractive target for bullish momentum.๐๐๐
Trading Plan:
- Entry: Consider entering a long position if the price breaks convincingly above the resistance level at 1.08260.
- Stop Loss: Place a stop loss below the support level to manage risk in case of a reversal.
Take Profit Aim for a take profit level near the resistance at 1.08881, capturing potential upward movement.
Risk Management Always adhere to proper risk management principles, ensuring that potential losses are controlled and manageable relative to the trading account size. โค๏ธ๐ Good luck ๐ค
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Pales safe trade ๐โค๏ธ don't forget like and comments
Current Price: 1.08360 ๐ข
Recent Pullback: The EUR/USD pair retraced from the level of 1.07980.๐๐๐
Retest of Support: It's currently retesting the support level around 1.08260, indicating a potential bullish sentiment.
Trade Target: The next significant resistance level lies at 1.08881, which presents an attractive target for bullish momentum.๐๐๐
Trading Plan:
- Entry: Consider entering a long position if the price breaks convincingly above the resistance level at 1.08260.
- Stop Loss: Place a stop loss below the support level to manage risk in case of a reversal.
Take Profit Aim for a take profit level near the resistance at 1.08881, capturing potential upward movement.
Risk Management Always adhere to proper risk management principles, ensuring that potential losses are controlled and manageable relative to the trading account size. โค๏ธ๐ Good luck ๐ค
*
Pales safe trade ๐โค๏ธ don't forget like and comments
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