Are you tracking EURUSD this week? Here's a top-down technical perspective you may consider.... On the H4 time frame, price action is operating in a range (bound by two magenta-coloured horizontal lines). Most recent price action has moved upwards and distally, respecting an inner ascending/support trendline with buyers very much in control of the most recent sessions....A retracement to test the trendline may take place before further northward move gets an increased momentum....{image}
Here's an update on the EURUSD in the attached H4 chart.
As predicted on Sunday, price retraced and retested the trendline before it headed northwards.
Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
