EURUSD’s Bullish Breakout—Targets Set for $1.046 & $1.049!

Feb 13

EURUSD(EURUSD) came to the above of the 100_SMA(4-hour) once again and managed to break the Resistance zone($1.039-$1.033) and Resistance lines, and today we saw EURUSD made a pullback to this zone.

It is also possible that EURUSD will form an ascending channel, so we have to wait for the second hit to the Upper line and confirm its major point.

I expect the EURUSD to trend higher after coming above the 100_SMA(4-hour) and attacking the next Resistance zone($1.0537-$1.04500) and Resistance lines.

The First Target: $1.04651

The Second Target: $1.04981

Note: If EURUSD touches $1.0347, we can expect more dumps.

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Euro/U.S.Dollar Analyze (EURUSD), 1-hour time frame.

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Feb 14

Trade active

The trade is activated.

Although the EURO got a little excited with Trump's speech, the Stop Loss(SL=$1.0347) was not touched.

Feb 14

Trade closed: target reached

Full Target Done

The Targets were exactly in the title of the analysis.