Will EURUSD resume its uptrend?
We have seen the trend shift from uptrend to downtrend since price hit the upper bound of the channel charted on the daily timeframe. Now prices have exited the downward channel on the H1 timeframe, broke above the EMA50, and formed a triangle pattern. On the H4 we can see the EMA50 holding price back from further gains.
Will price action turn bullish again? I will stay off EURUSD for now and see how price action develops.
Will price action turn bullish again? I will stay off EURUSD for now and see how price action develops.
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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.