EUR/USD - Last Trade Analysis

27 авг. 2024 г.

This chart shows the recent trading position on EUR/USD. The entry was around 1.11683, aiming for a continuation of the bullish trend following the corrective structure. However, after reaching the 1.11705 resistance, the price showed signs of slowing momentum, leading to a retracement.

Key Details:

Entry Price: 1.11683
Target Area: Aiming for the 1.11997 resistance zone, which aligns with the upper range of the recent structure.
Stop Loss: Placed below the key support at 1.11394 to manage risk, considering a potential pullback.
Currently, price is consolidating within a tight range, indicating indecision. A breakout above 1.11705 could resume the bullish momentum, while a failure could push the pair toward a retest of support at 1.11394.

This position reflects a high-probability setup based on the overall trend and structure analysis.