Verdict:
Bullish trend seems to start

Plan of action:
Buy: 1.05968
SL: 1.05140
Target: 1.09893

EURUSD is a Forex instrument; by looking at the chart, we can see that EURUSD has been in consolidation mode for more than 40 day. It seems it will be going in bullish trend in upcoming week. trade might take 10-15 days to achive the target.
Reason:

  1. Bullish Enugelfing candle from Strong Support level.
  2. Taking support at support zone of 1-D timeFrame.
  3. Very heavy volume takeover by bulls from fakeout to inside Zone.

*****Disclaimer:*****

The information provided in this blog post is for informational purposes only. It is not intended as financial, investment, or trading advice. The author is not a licensed financial advisor or professional.

Trading and investing in financial markets carry inherent risks, and past performance is not indicative of future results. Readers should conduct their research, consider their risk tolerance, and consult with a qualified financial advisor before making any trading or investment decisions.

The author is not responsible for any financial losses or gains that may result from actions taken based on the information presented in this blog post. All trading and investment decisions are made at the reader’s own discretion and risk.

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