📢 TRADING SIGNAL:
$EUR / $USDT
🟢 Direction: LONG
📊 Confidence: 72.2%
📉 Technical analysis:
The technical structure indicates a strong bullish impulse confirmed by DOUBLE_BOTTOM and INVERSE_HEAD_SHOULDERS patterns. The indicators show a robust trend with the RSI at 65.52, a bullish cross in the MACD (0.0008 above 0.0007), and the EMA20 at 1.1549 staying above the EMA50 at 1.1539. The price is consolidating above the key support at 1.1496 while the ADX at 37.03 confirms the strength of the current trend.
🎯 Trading levels:
🟢 Entry: $1.1565
🛑 Stop Loss: $1.155
🏁 TP1: $1.1585
🏁 TP2: $1.159
🏁 TP3: $1.16
⚖️ Risk/Reward ratio: 1:1.33
⏱️ Timeframe: 1H
📐 Confluence: 4/5
The key level to watch is the immediate support at $1.1496. The entry is executed at the current market price, and the main risk lies in a sudden reversal below the EMA200 located at $1.1501.
#crypto #EURIUSDT #trading