EURUSD is on a on upward trend after been oversold yesterday with the ECB Conferees, also WTI oil prices they been trading within the $52 -$54 range for the past month.
The pair has approached critical resistance 1.5030 and is been oversold for more than 500 pips
Also is currently consolidating on the weekly trendline around 1.5080
61.8% fib around the 1.5090 are if it breaks above that, bears will be exhausted and it will open the door for 1.5140 and 1.5180
The pair has approached critical resistance 1.5030 and is been oversold for more than 500 pips
Also is currently consolidating on the weekly trendline around 1.5080
61.8% fib around the 1.5090 are if it breaks above that, bears will be exhausted and it will open the door for 1.5140 and 1.5180