EUR/USD Builds Higher High which Challenges 1.13 Resistance
Source: https://admiralmarkets.com/analytics...-13-resistance Admiral Markets
EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...06-2017eu4.png
The EUR/USD bounced at the support levels (green/blue) and showed one more bullish rally. The new higher high is challenging the 100% Fib level at 1.13 of wave 2 (green), which is a break or bounce zone.
1 hour
https://fxmedia.s3.amazonaws.com/art...06-2017eu1.png
The EUR/USD is in a bullish trend channel (red/blue lines). The breakout direction above or below the channel will indicate what the next trend direction could be.
Source: https://admiralmarkets.com/analytics...-13-resistance Admiral Markets
Source: https://admiralmarkets.com/analytics...-13-resistance Admiral Markets
EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...06-2017eu4.png
The EUR/USD bounced at the support levels (green/blue) and showed one more bullish rally. The new higher high is challenging the 100% Fib level at 1.13 of wave 2 (green), which is a break or bounce zone.
1 hour
https://fxmedia.s3.amazonaws.com/art...06-2017eu1.png
The EUR/USD is in a bullish trend channel (red/blue lines). The breakout direction above or below the channel will indicate what the next trend direction could be.
Source: https://admiralmarkets.com/analytics...-13-resistance Admiral Markets