Will EUR/USD go to 1.1250? A detailed analysis
Hello traders and the entire Tradingview community! Previously on my EUR/USD
analysis from last week, I opened EURUSD long@1.0880 level when price dipped
during Friday's data release.
Currently, EUR/USD is well above the 1.09 level. From the chart, you can see that
price is consolidating at the lower trend line of the ascending price channel.
So, based on the price action , I believe EUR/USD is likely to go towards 1.10. A sustained
move above 1.10 will take the price towards 1.1250. My plan is to buy the dips
in EUR/USD.
analysis from last week, I opened EURUSD long@1.0880 level when price dipped
during Friday's data release.
Currently, EUR/USD is well above the 1.09 level. From the chart, you can see that
price is consolidating at the lower trend line of the ascending price channel.
So, based on the price action , I believe EUR/USD is likely to go towards 1.10. A sustained
move above 1.10 will take the price towards 1.1250. My plan is to buy the dips
in EUR/USD.
Note
20 pips up since I posted, 1.10 might be on the cards soonNote
Price still moving in a tight range, a breakout is imminentNote
I currently do not have any open trades in EUR/USD. If I have an entry, I will update this idea
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