The counter is in an ascending channel formation.
Now, the pair is taking support at its trendline.
Also, the Euro zone data is showing some signs of a comeback recently.
Hence, we expect the pair to take support at the trendline zone and head higher from here.
Now, the pair is taking support at its trendline.
Also, the Euro zone data is showing some signs of a comeback recently.
Hence, we expect the pair to take support at the trendline zone and head higher from here.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.