The chart currently shows a strong bullish structure on the EUR/USD 30-minute timeframe, with price trading above all major moving averages and maintaining higher highs and higher lows. The recent breakout above the previous resistance zone around...
Understanding Breakout Trading in Forex What Is a Breakout in Forex? A breakout occurs when the price of a currency pair moves outside a defined support or resistance level with increased volume and momentum. It signals that the market has rejected...
I believe the opening phase of the market could become decisive for the next EUR/USD movement because I see the pair approaching the important resistance level around 1.1791, which I have outlined as a critical barrier for bullish continuation. I...
