EUR/USD is continuing the prevailing uptrend within the Up Channel chart pattern identified by Autochartist on the daily charts. The Quality of this chart pattern is rated at the 6 bar level as a result of the following values of the Quality indicators: low Initial Trend (rated at the 2 bar level), above-average Uniformity (6 bars) and significant Clarity (measured at the near maximum 9 bar level). The price has recently reversed sharply up from the 38,2% Fibonacci Retracement of the preceding upward impulse (that started at the first connecting point of the lower support trendline of this chart pattern). The price ... (full story)