From TradingView · · 30s
EURUSD Long: Post-Decline Base as Launchpad
EURUSD holds above 1.1120 Demand Zone, targeting 1.1200 as bullish scenario continues.
In brief
EURUSD holds above 1.1120 Demand Zone, targeting 1.1200 as bullish scenario continues. EURUSD remains above 1.1120 Demand Zone with potential to reach 1.1200 target. Originally reported by TradingView.
Current EURUSD Position
EURUSD holds above 1.1120 Demand Zone while trading below 1.1200 Supply Zone.
Bullish Scenario
Buyers stepping in after bounce from 1.1120 Demand Zone could target 1.1200.
Risk Management
Break below 1.1120 weakens bullish outlook and opens door for further downside.
The one thing
EURUSD remains above 1.1120 Demand Zone with potential to reach 1.1200 target.
