{"id":2350,"date":"2020-06-03T18:08:00","date_gmt":"2023-03-31T20:18:56","guid":{"rendered":""},"modified":"2024-05-29T08:16:20","modified_gmt":"2024-05-29T08:16:20","slug":"eurusd-is-reaching-triangles-target","status":"publish","type":"post","link":"https:\/\/blog.zulutrade.com\/ar\/eurusd-is-reaching-triangles-target\/","title":{"rendered":"EURUSD is reaching triangle’s target!"},"content":{"rendered":"

Following up on the previous posts, EURUSD is rallying to the upside having a positive strike of 7 bullish days. Fundamentals are helping the pair to grind aggressively as the greenback is in free fall. Reviewing the daily chart, the triangle’s target is at 1.1279, and it’s very close to being completed. Then profit-taking is maybe considered possible near this level. Traders may use 5 EMA as a short-term guide to monitoring the momentum. Also, RSI (9) is reaching 85 level and this is something that buyers need to watch closely.<\/span><\/p>\n

CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

EURUSD daily chart
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Heading to the hourly, RSI (9) has already started multiple negative divergences which is something that indicates potential bullish exhaustion. The rising (white) channel is tracking pretty well the current upward movement. <\/span><\/p>\n

CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

EURUSD Hourly chart
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<\/span><\/p>\n

Checking the<\/span> ZuluTrade’s Traders Sentiment<\/span><\/a>, the community is currently bullish on EURUSD.
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<\/span><\/p>\n

 <\/p>\n

In focus today<\/span> (<\/span>economic calendar<\/span><\/a>):<\/span><\/p>\n

UnitedStates – ISM Non-Manufacturing PMI (May)
<\/span>Canada – BoC Rate Statement<\/span><\/p>\n

 <\/p>\n

Disclaimer<\/strong><\/p>\n

The views expressed do not constitute investment or any other advice \/recommendation \/suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of<\/span> ZuluTrade Social Trading Platform<\/span><\/a> and do not constitute an offer or invitation to anyone to invest or trade.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Following up on the previous posts, EURUSD is rallying to the upside having a positive strike of 7 bullish days. Fundamentals are helping the pair to grind aggressively as the greenback is in free fall. Reviewing the daily chart, the triangle’s target is at 1.1279, and it’s very close to being completed. Then profit-taking is […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2350","post","type-post","status-publish","format-standard","hentry","category-market-view"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1716970625:4"],"rank_math_primary_category":["2"],"rank_math_seo_score":["17"],"_edit_last":["4"],"rank_math_og_content_image":["a:2:{s:5:\"check\";s:32:\"1a34740a8a79f28d16969a370c530c15\";s:6:\"images\";a:3:{i:0;s:56:\"\/image.axd?picture=\/2020\/03062020\/EURUSDDaily 362020.png\";i:1;s:53:\"\/image.axd?picture=\/2020\/03062020\/EURUSDH1 362020.png\";i:2;s:49:\"\/image.axd?picture=\/2020\/03062020\/sent 362020.PNG\";}}"],"rank_math_analytic_object_id":["191"]},"pll_post_group":null,"_links":{"self":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/comments?post=2350"}],"version-history":[{"count":1,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2350\/revisions"}],"predecessor-version":[{"id":4013,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2350\/revisions\/4013"}],"wp:attachment":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/media?parent=2350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/categories?post=2350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/tags?post=2350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}