Dear friends, In general, the upward trend of EURUSD is still functioning well (as observed on the 2H chart). At the time of writing, EU has temporarily halted trading at the level of 1.059.
With the current trend, it is likely that EU may continue to rise and approach the resistance level of 1.063. Consequently, a rejection at this resistance level could cause the price to move downwards, reaching the limit of the ascending channel (as displayed on the chart). What are your thoughts on the future of EU?
With the current trend, it is likely that EU may continue to rise and approach the resistance level of 1.063. Consequently, a rejection at this resistance level could cause the price to move downwards, reaching the limit of the ascending channel (as displayed on the chart). What are your thoughts on the future of EU?
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Let's wait for my new analysis tomorrow.
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