Analyzing EUR/USD Support Levels

Oct 23

As shown in the chart above, EUR/USD has reached our initial target, aligning with the short position suggested by the technical analysis. The price has now landed on the support level established in August of this year, indicating a potential uptrend toward the previous high. The suggested Take Profit (TP) and Stop Loss (SL) offer a profit/loss ratio of 3.03, which is considered favorable.

This is not financial advice.

Oct 24

Note

The price moved upward in line with the signal, achieving 21 pips in profit without experiencing any drawdown at any point. This reflects a strong, favorable market movement from the outset—an excellent result!

Oct 29

Note

The exchange rate went back to entry level, providing second chance for entry.

Nov 1

Trade closed: target reached

Target Reached