View full page at forexfactory.com

 

EURUSD Chart Pattern Targets 1.24

From dailypriceaction.com

The EURUSD has been a challenging pair to figure out this month. At first, it looked like the euro was respecting a trend line from the May 2020 lows. However, the last few days have shown that that trend line may not be so significant after all. That said, I still believe the 1.2000 handle is key for the EURUSD. The recent false break below that level suggests an increase in demand for the euro, which should translate to higher prices. So far, it has the pair trading about 90 pips higher. In case you missed recent articles, the reason I’m staying bullish on the EURUSD has to do with the higher time frames. The euro ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis