Currency Pair: $EURUSD
Chart Time Frame: 1
Hour#EURUSD on a daily time frame is trading at @1.09903 which is under a consolidation phase. Once the daily candlestick closes above, we can be more confident about the rally.
Historically #EURUSD prices have broken the February 2023 highs, however, it was not a missive breakout so for the time being I consider the breakout as a FALSE one. Considering the steady formation of Higher Highs by the breakout candles makes me more optimistic that the UPWARD trend is not yet over. And if my optimism is on the spot, then I am targeting the pair #EURUSD to make more Higher Highs and potentially reach the MIXED SUPPLY & DEMAND ZONE and that is our HISTORIC HIGHS from MAY - JUNE 2022.
Make sure to keep tight SL(STOP- LOSS)
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