EURUSD Chart Technical Outlook confluence zone located at 1.0777
EUR/USD – closed the day with mild net gains.
The 8-hour chart highlights the completion of a bullish Gartley formation at 1.0668. Bespoke resistance is located at 1.0777.
The one-hour chart highlights the pair moving higher within a bullish channel formation. The projected trendline resistance is located at 1.0777. The 261.8% extension level of the 1.0668-1.0709 move is located at 1.0777.
Conclusion: Although the immediate bias is skewed to the upside, I would look to 1.0777 as a substantial upside barrier/target.
