EURUSD BACK ON DEMAND ZONE ( EXPANDING CHANNEL )

5 мая

EURUSD has rallied with the NFP and immediately got dumped back on the major hourly demand identified. Here we should wait for the price to confirm a bullish rally one more time which can also confirm a bullish breakout on the upper boundary created by the expanding channel.

With a perfect breakout confirmation, we can expect a nice rally or a target close to the next swing high held at 1.087