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DeGRAM | EURUSD breakout anticipation of the strong resistance
Euro / U.S. Dollar
Long
DeGRAM | EURUSD breakout anticipation of the strong resistance
By DeGRAM
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Apr 26, 2023
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Apr 26, 2023
EURUSD bounced off the major support level at 1.1000.
The market is trading in an ascending channel. Notice how the price tested the resistance two times and third test may end up by breaking the level.
Price action printed a big bullish candle, an indication of strength and a probable breakout.
We expect a breakout pullback and continuation.
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Chart Patterns
eurusdanalysis
eurusdsignal
Support and Resistance
Trend Analysis
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