EUR/USD: Navigating the Sideways Trend for a Potential Long Opportunity
EUR/USDLongSwing3h ago3 views
Trade Setup
Entry Price
1.0864
Stop Loss
1.0800
Take Profit
1.0991
Risk : Reward
1 : 1.98
RiskReward
Charting the Path Ahead for EUR/USD
Good morning, KoraFX community. I've been closely monitoring EUR/USD, and while the overarching trend remains sideways, the current price action presents an interesting swing trading opportunity. The pair is currently trading at 1.08765, having seen a modest 0.24% increase over the last 24 hours, ranging between 1.08367 and 1.09163. My analysis, rooted firmly in technical observation, suggests a potential move higher from current levels.
I am looking for a long entry around 1.0864. This level sits strategically above the 1.085 minor support and just above the strong support zone at 1.0837. This area has shown resilience, indicating potential buying interest
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