EUR/USD Chart Analysis by Our Trainee Technical Analysts
At Forex Wave Expert, our trainee technical analysts have been diligently analyzing the EUR/USD chart, and they have shared their insights for a potential long trade. Here’s a summary of their findings:
**Monoronjon Kabyo’s Elliott Wave Analysis**
Monoronjon Kabyo has identified a long opportunity in EUR/USD using the Elliott Wave Theory. His analysis on the daily time frame chart highlights a clear wave pattern suggesting a potential upward movement. He is confident in his view that the EUR/USD pair may rise in the coming sessions.
**Durjoy Kuri’s Comprehensive Analysis**
Similarly, our other trainee technical analyst, Durjoy Kuri, supports Monoronjon’s bullish outlook. However, Durjoy has added more depth to the analysis by incorporating trend line support and resistance levels. He has meticulously pointed out a low-risk entry point for a long trade, which aligns with the overall Elliott Wave pattern observed by Monoronjon.
**Important Reminder**
Please note that this is a preliminary chart analysis. Before executing any live trades, we recommend confirming with additional tools and observing overall market movements. Trading carries risks, and it is crucial to conduct your own research and analysis.
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