EURUSD Moving on the upward channel
EURUSD is moving on the rising channel on the weekly chart. It is on the corrective phase.
On the short term(Green wedge) it is moving on the descending wedge which may find support close to 1.2075 Level. If that level hold,then we can expect a move to the upside and break out of descending wedge.
As Descending wedges a bullish breakout patterns i think there is a high probability of this move.
Next target is 1.2375 previous resistance
When you look at the 4H chart you can clearly identify this yellow support line. Interception of the green and yellow line probably present better support. I would place my entry close to those levels
Entry : Close to 1.2070
On the short term(Green wedge) it is moving on the descending wedge which may find support close to 1.2075 Level. If that level hold,then we can expect a move to the upside and break out of descending wedge.
As Descending wedges a bullish breakout patterns i think there is a high probability of this move.
Next target is 1.2375 previous resistance
When you look at the 4H chart you can clearly identify this yellow support line. Interception of the green and yellow line probably present better support. I would place my entry close to those levels
Entry : Close to 1.2070
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