Buy Opportunity
EUR/USD Long Signal
Entry Price: 1.03917
Target Price: 1.06264 (2.28% Gain)
Stop Loss: 1.03000 (-0.89% Risk)
Risk/Reward Ratio: 2.56
Analysis:
Technical Indicators:
Price is attempting to break above a key resistance level.
The EMA (252) and EMA (756) provide a confluence of potential upside momentum.
Volume Profile suggests strong buyer activity in the highlighted zone.
Setup:
Bullish trend continuation expected with price targeting the 1.06264 level.
A clear invalidation occurs below 1.03000, providing a tight stop-loss for risk management.
Trade Context:
Backed by fundamental stability in EUR and a weakening USD trend, this trade targets a safe upside.
Entry Price: 1.03917
Target Price: 1.06264 (2.28% Gain)
Stop Loss: 1.03000 (-0.89% Risk)
Risk/Reward Ratio: 2.56
Analysis:
Technical Indicators:
Price is attempting to break above a key resistance level.
The EMA (252) and EMA (756) provide a confluence of potential upside momentum.
Volume Profile suggests strong buyer activity in the highlighted zone.
Setup:
Bullish trend continuation expected with price targeting the 1.06264 level.
A clear invalidation occurs below 1.03000, providing a tight stop-loss for risk management.
Trade Context:
Backed by fundamental stability in EUR and a weakening USD trend, this trade targets a safe upside.
GODO Capital Markets
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
GODO Capital Markets
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.