EUR/USD Breaks Trendline Resistance Ahead of Fed/ECB Policy
EUR/USD has broken the downward trendline resistance, indicating a bullish trend. The short-term trend is bullish, and upside momentum has been activated.
The major currency pair will capture more gains after a decisive move above the intraday high of 1.1030, which will drive it towards the round-level resistance at 1.1100.
If the latter is breached, it will expose the pair to a fresh 13-month high. On the other hand, a downside move below 1.0915 will drag the asset lower.
TRADE IDEA DETAILS:
CURRENCY PAIR: #EURUSD
CURRENT TREND: ↗️Bullish
TRADE SIGNAL: ↗️Buy
👉ENTRY PRICE: 1.1045
✅TAKE PROFIT: 1.1095
❌STOP LOSS: 1.1015
#EURUSD #ForexMarket #FederalReserve #ECB #InterestRateHike
The major currency pair will capture more gains after a decisive move above the intraday high of 1.1030, which will drive it towards the round-level resistance at 1.1100.
If the latter is breached, it will expose the pair to a fresh 13-month high. On the other hand, a downside move below 1.0915 will drag the asset lower.
TRADE IDEA DETAILS:
CURRENCY PAIR: #EURUSD
CURRENT TREND: ↗️Bullish
TRADE SIGNAL: ↗️Buy
👉ENTRY PRICE: 1.1045
✅TAKE PROFIT: 1.1095
❌STOP LOSS: 1.1015
#EURUSD #ForexMarket #FederalReserve #ECB #InterestRateHike