From TradingView · · 30s
EURUSD Bullish Reversal Pattern
EURUSD breaks key support as bullish reversal forms on 4H chart.
In brief
EURUSD breaks key support as bullish reversal forms on 4H chart. EURUSD targets 1.1380-1.1400 after breaking 1.12160 support. Originally reported by TradingView.
Bullish Reversal Pattern
EURUSD completes rounded bottom structure near 1.1114 base on 4H chart.
Breakout Above Support
Price holds above 1.12160 0.382 Fib level with short-term EMAs completing bullish crossover.
Key Levels
S1: 1.12160 S2: 1.11600 R1: 1.12790 R2: 1.13810.
France Protests Impact
France protests over school conditions and cost of living crisis exert selling pressure on EUR.
What matters most
EURUSD targets 1.1380-1.1400 after breaking 1.12160 support.
