We should long EURUSD for shorterm.
Upward Channel: The EUR/USD pair is currently moving within an upward channel, characterized by an ascending support line and an ascending resistance line.
Buy Zone (Support Level): Consider buying near the 1.03200 level, where you expect the price to find support.
Stop Loss (SL): Set your stop loss at 1.02900 to limit potential losses.
Additional Considerations:
Look for confirmation signals (e.g., candlestick patterns) before entering the trade.
Calculate your risk-reward ratio.
Stay informed about fundamental factors that may impact the pair.
Disclaimer: This analysis is for educational purposes only and not financial advice. Consult a professional financial advisor before making any trading decisions.
Buy Zone (Support Level): Consider buying near the 1.03200 level, where you expect the price to find support.
Stop Loss (SL): Set your stop loss at 1.02900 to limit potential losses.
Additional Considerations:
Look for confirmation signals (e.g., candlestick patterns) before entering the trade.
Calculate your risk-reward ratio.
Stay informed about fundamental factors that may impact the pair.
Disclaimer: This analysis is for educational purposes only and not financial advice. Consult a professional financial advisor before making any trading decisions.
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