Technical Analysis Post

EURUSD Potential Uptrend Line Breakout at 1.08508 03.05.2024

| 03 June, 2024 at 09:05 GMT

EURUSD Potential Uptrend Line Breakout at 1.08508 03.05.2024 by BDSwiss_Academy on TradingView.com

– Potential downside breakout of uptrendline spotted on EURUSD 15-minute chart.

– If breakout holds, high probability of decline to 1.08440.

– If 1.08440 support breaks, further decline to 1.08322 likely.

– If breakout fails, potential for rise to 1.08591.

– If 1.08591 resistance breaks, further upside to 1.08783 expected.

– Apply risk management