A Professional View
A Professional View
Of The Market
Of The Market
R.Linda Trading
R.Linda Trading
R.Linda Trading - forecast

EURUSD → The morning gap is bought out. The bulls are aggressive

FOREX forecast
💡 Ideas For EURUSD 🇪🇺🇺🇸

📈 EURUSD → The morning gap is bought out. The bulls are aggressive———————————————

EURUSD opens with a gap down, but buyers are actively buying back the move. The nature of the market is bullish, but at the same time consolidation, as there is strong resistance ahead
snapshot
The fundamental background is favorable, there is no news today. Last week traders took well the fact of unemployment growth, within the framework of which active buying started.

Technically, on H4 a bullish distribution is forming towards 1.085, from which, after the initial testing of the liquidity area, a correction may follow. But in general, I expect the continuation of growth (rebound from 1.0816 or breakdown of 1.085).

Resistance levels: 1.0852, 1.091, 1.1

Support levels: 1.0816, 1.078

The nature of the market is changing and the bulls are actively holding key areas. The market is bullish and a breakout of the nearest resistance will favor the continuation of growth.