After breaking above the bullish flag following Friday's NFP report, EUR/USD reached a high at the important 1.10 level before beginning a correction.
The recent decline is contained within a falling wedge pattern, which could signal a continuation of the uptrend.
I remain bullish as long as the 1.0850 level holds, with a target of 1.11.
The recent decline is contained within a falling wedge pattern, which could signal a continuation of the uptrend.
I remain bullish as long as the 1.0850 level holds, with a target of 1.11.
Note
EurUsd broke above the wedge's resistance and now is consolidating.I remain bullish as long as the price stays above 1.0850 in term of daily closing and a buy in 1.09 zone could have a nice R:R if we target the recent high
📈 Forex & XAU/USD Channel:
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.