EUR/USD Weekly analysis 25-Aug-2024
Updated
The price was in the range for a long time
And a symmetrical triangle pattern was formed
The upper line of the triangle and MA200 in the weekly time frame broke and the price rose strongly
But by reviewing the past chart, support and resistance lines and indicators;
It seems that the area is Range and the price is not able to rise much easily
I think the price will move in this area for a while and then it will continue to rise if it is able to break the dynamic resistance
Otherwise, it will decrease
In the coming days, we can talk about this with more certainty
*Be profitable
Thank you for expressing your opinion with likes and comments
And a symmetrical triangle pattern was formed
The upper line of the triangle and MA200 in the weekly time frame broke and the price rose strongly
But by reviewing the past chart, support and resistance lines and indicators;
It seems that the area is Range and the price is not able to rise much easily
I think the price will move in this area for a while and then it will continue to rise if it is able to break the dynamic resistance
Otherwise, it will decrease
In the coming days, we can talk about this with more certainty
*Be profitable
Thank you for expressing your opinion with likes and comments
Trade active
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What do you think friends?Trade closed: target reached
The targets are touched one after another
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