From TradingView · · 30s
EURUSD Forecast: Bullish Channel Breakout
EUR/USD could rise to 1.1340 if it breaks above 1.1260.
In brief
EUR/USD could rise to 1.1340 if it breaks above 1.1260. EUR/USD may reach 1.1340 after breaking 1.1260 support. Originally reported by TradingView.
EUR/USD Technical Setup
EUR/USD shows potential bullish continuation after rejecting 1.1182, 1.1194 support.
Bullish Scenario
Sustained breakout above 1.1260 could target 1.1300 and 1.1340.
Bearish Alternative
Break below 1.1182 would shift momentum to sellers targeting 1.1140 and 1.1110.
The one thing
EUR/USD may reach 1.1340 after breaking 1.1260 support.
