EURUSD Looks "Bullish"! Triangle Breakout Pending Confirmation
Triangle Pattern Formation.
8 August 2024 - Positive Data from Unemployment Claims = USD Gained.
As a result, EURUSD price action tested Fib between 50%-61.8% and rebounded above 1.0900.
Overall Trend is Bullish as Price is above EMA 50, 100 and 200. MACD > 0, RSI > 50.
Scenario 1 (Long) : Price Break Above 1.9340, TP: 1.1100 , SL: 1.0885
Scenario 2 (Short) : Price Break Below 1.8890, TP: 1.0800 , SL: 1.0935
8 August 2024 - Positive Data from Unemployment Claims = USD Gained.
As a result, EURUSD price action tested Fib between 50%-61.8% and rebounded above 1.0900.
Overall Trend is Bullish as Price is above EMA 50, 100 and 200. MACD > 0, RSI > 50.
Scenario 1 (Long) : Price Break Above 1.9340, TP: 1.1100 , SL: 1.0885
Scenario 2 (Short) : Price Break Below 1.8890, TP: 1.0800 , SL: 1.0935
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