Here's my take on the EURUSD, from a technical perspective.
On the H4 time frame, price action is respecting an ascending trendline (black). The most significant horizontal resistance is around the 1.18410 area. But for bulls to get to that area, they will have to clear the resistance around the 1.17400 area. Nevertheless, technically, bulls are favoured to be influential in the market in the early part of this week.
I may be wrong. Trade safe and prosper.
KP
On the H4 time frame, price action is respecting an ascending trendline (black). The most significant horizontal resistance is around the 1.18410 area. But for bulls to get to that area, they will have to clear the resistance around the 1.17400 area. Nevertheless, technically, bulls are favoured to be influential in the market in the early part of this week.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
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