The EUR/USD D1 chart is currently in a consolidation phase, with strong resistance above preventing further gains. At present, the upper resistance level is very critical. Once the upper resistance level is successfully broken, the price has a lot of room for upside. The distance between the SAR indicator and the price is very close. After waiting for the upper SAR indicator to be broken through, it can be bullish.
The M30 chart is currently Fibonacci backtested at 0.382 to form a support level that prevents the price from falling further, and the trend continues to rise. The double line of the MACD indicator also formed a golden cross, and the long trading volume also gradually appeared.
At present, we need to pay attention to the data on the number of initial jobless claims released by the United States at 8.30 tonight (GMT+8).
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
