$PNUT /EUR MARKET ANALYSIS
/EUR is showing mixed momentum as the market tests resistance near 0.0808. Price has been moving upward steadily from the support level at 0.0758, indicating buying interest. Short-term pullbacks have occurred near 0.0791, reflecting profit-taking by traders. The upward swings are supported by strong volume in the 24h trading session, suggesting continued interest. However, retracements toward 0.0758 indicate that sellers are active at higher levels. Overall, the market is oscillating within a defined range, showing higher highs and higher lows. Buyers may dominate if price closes above 0.0808, while below 0.0758 could trigger a short-term decline. The current trend reflects cautious bullish sentiment with periodic corrections. Monitoring support and resistance is crucial for timing entries. Traders should be aware of volatility as price navigates these levels.
Trade Setup:
Long Entry: 0.0791 – 0.0795
Targets (TP): 0.0808 / 0.0886
